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4 Posts
Hi all,
Not sure if anyone else has just had an incorrect tax code through from the HMRC but any advice appreciated.
I have a BMW i3 94ah REx through work so I have car benefit applied to my tax code, tech. spec. for vehicle is 13g/co2 and electric range of over 130miles, p11d of £38,675. BIK last year was 16% or £6188, new info from HMRC for 2020/21 has BIK as 14% or £5414! I was expecting 2%!! Both the old rates published ages ago for 2020/21 has it as 2% and the new rates that will hopefully be ratified in the March budget for 2020/21 also have it as 2%?? The only bracket for 14% is an ev with less than 30miles range.
I have contacted HMRC and I'm waiting for a response. The HMRC online account doesn't give detailed workings of their calculations and it doesn't show which bracket for BIK they think my car should be in, I'm having to base it on the CCT value and P11D list price... Yours in hope ?
Not sure if anyone else has just had an incorrect tax code through from the HMRC but any advice appreciated.
I have a BMW i3 94ah REx through work so I have car benefit applied to my tax code, tech. spec. for vehicle is 13g/co2 and electric range of over 130miles, p11d of £38,675. BIK last year was 16% or £6188, new info from HMRC for 2020/21 has BIK as 14% or £5414! I was expecting 2%!! Both the old rates published ages ago for 2020/21 has it as 2% and the new rates that will hopefully be ratified in the March budget for 2020/21 also have it as 2%?? The only bracket for 14% is an ev with less than 30miles range.
I have contacted HMRC and I'm waiting for a response. The HMRC online account doesn't give detailed workings of their calculations and it doesn't show which bracket for BIK they think my car should be in, I'm having to base it on the CCT value and P11D list price... Yours in hope ?