Ahead of deliveries of the award-winning Peugeot 3008 HYbrid4, the world’s first diesel electric car, there is now clarity to the BIK (Benefit In Kind) taxation that applies to the diesel-electric HYbrid4 vehicles in the Peugeot range, that will include 3008, 508 RXH and 508 Saloon.
Phil Robson, Fleet Sales Director, said: “The clarification by HMRC that customers of our HYbrid4 cars will not incur the 3% diesel surcharge and benefit from the 10% threshold for personal BIK taxation is excellent news. It is the final piece in the HYbrid4 jigsaw and means that both individuals and businesses will benefit from the best possible environmental and fiscal position.”
“As a company car owner Peugeot’s HYbrid4 means low fuel costs, low emissions, low BIK and for the company lower Employer National Insurance contributions, alongside an allowance for the company to offset 100% of the list price, in the first year, against its taxable profits. Let’s not forget, in addition the 3008 HYbrid4 delivers 74mpg, 200 BHP, four wheel drive and electric mode, a truly unique and innovative vehicle in the market.”
Peugeot’s new HYbrid4 models represent a great opportunity for businesses and individuals to actively reduce their impact on the environment without the compromises normally associated with a low emission vehicle.