What are the benefits in kind when leasing a car?
If the company lease the car used by the employee for personal purposes, the benefit in kind is of 30% of the global cost of the lease, all tax included. This global cost includes the lease, the maintenance and the insurance.
What is the value of a car benefit in kind?
The car benefit in kind value can be a fix value based on the cost of the vehicle (owned or leased). When the company own the car it provides to its employees, the benefit in kind is of 9% of the purchase cost, all tax included (6% if the car over 5 years when it is bought).
How will the new benefit in kind regulations affect my car?
For a car which has been in use longer than 12 months (from first registration), the gross catalogue value will be reduced by 6%. Longer than 24 months, reduced by 12%, and so on. The new regulation stipulates that from 2012 employers must register a percentage of the benefit in kind on the company car as (additional) 'non-deductible expenses'.