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Benefit In Kind

Company car tax on the Outlander PHEV

7% BIK and only 42g/km CO2

How much could I save? BIK PHEV benefits

Compared to other SUVs, The Outlander PHEV offers significant advantages for Benefit in Kind and fuel card tax ratings.

Similar sized SUVs typically have Benefit in Kind and fuel card tax rates of 25%. For an Outlander PHEV, they are 7%.

Saving over three years by driving an Outlander PHEV

Level of Income Tax:
Employer pays for fuel for private use:*
Compare Outlander PHEV to a key competitor:
1st year saving by choosing an Outlander PHEV (2016/17) £0,000
Savings over 3 years by choosing Outlander PHEV £0,000

Break down of savings for first year

  Other car PHEV
P11d value: £0 £0
% of car price to be taxed: 0% 0%
Annual income tax payable: £0 £0
Tax calculations should be used as a guide only.
*Assumes the reportable value of fuel provided for private use in a company car is calculated as a percentage of a fixed sum of £22,200 in tax years 2016-17, 2017-18 and 2018-19.

Company car drivers and the Outlander PHEV

Financial benefits for company car drivers

Company car drivers using the Mitsubishi Outlander PHEV for business can look forward to an increase in their pay packet equal to an average of over £4,000 every year.

Low emissions, low company car tax

Thanks to the Outlander PHEV’s Intelligent Technology it is able to achieve ultra-low emissions of just 42g/km, so it qualifies for a reduced rate of BIK (benefit-in-kind) taxation.

A fraction of the cost

The PHEV's ultra-low emissions of only 42g/km means that company car drivers choosing the Outlander PHEV will pay just 7% tax as BIK compared to the 25% or more that most business users will pay. To find out more about the money you could save check the chart below.

Not only will Outlander PHEV company car drivers be receiving a boost to their pay cheque but they’ll be benefiting from a staggering 156 mpg*, exemption from Road Tax and if they’re making a commute of less than 30 miles they’ll be able to make their journey to and from work for just pennies.

*Official EU MPG test figure shown as a guide for comparative purposes and may not reflect real driving results.

Financial benefits for companies

If you’re looking to upgrade or even implement a fleet of company cars then the Mitsubishi Outlander PHEV has the potential to save your business thousands of pounds a year.

100% Capital Allowance

Because of its outstanding emission levels, a company purchasing an Outlander PHEV is able to write down 100% of the cost of the car against its profits chargeable for Corporation Tax in year one.

This is compared to a traditional company vehicle where a maximum of 18% per annum of the cost is allowable to write down against the profits chargeable for Corporation Tax. This is reduced to only 8% on vehicles with a CO2 level exceeding 130g/km.

This means that any business with even a small fleet of cars could save tens of thousands of pounds in Corporation Tax in the first year after purchase.

Reduced National Insurance Contribution

Not only will your business save money on Corporation Tax but there will also be a reduction in its associated Class 1a National Insurance Contributions.