Does BIK apply to five-seat commercials?

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Does BIK apply to five-seat commercials?

Are five-seat commercial vehicles subject to Benefit-in-King (BIK) taxation?

Filed under BIK tax - Asked by Bill - Fri, 21 Apr, 2023

Answered by: Shane O' Donoghue - Complete Van Advisor - @shane_o_d

Answer

Hi Bill,

Yes, BIK applies to all company-supplied vehicles, though the rules are different when it comes to commercial vehicles and passenger cars. I suggest you take a read of our Van BIK tax changes for 2023 explainer.

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