When do I start paying Benefit in Kind tax?

You don’t pay anything until you’ve received delivery of your car. If your employer doesn’t deduct at source then HMRC need to be notified that you have this employee benefit. If the tax is not collected via your tax code for the year the benefit is received, it could mean an underpayment of tax which will be due the following tax year.

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When will I start paying Benefit in Kind (BiK) tax on my car?

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22nd November 2022

When will I start paying Benefit in Kind (BiK) tax on my car?

You normally start paying Benefit in Kind tax once you’ve taken delivery of your car, this is included within your quote and will be part of the deduction for the car – you won’t pay anything separately.

When will I start paying Benefit in Kind (BiK) tax on my car?

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