We’re pushing for lower BIK rates for Low Emission Vehicles

02 October, 2018

Tusker lobbies the government, again

With further changes to Benefit in Kind a topic of conversation for many fleet managers and drivers, we once again had an audience with HMRC to try and advise on a change to the Government’s plans.

Affecting many thousands of drivers in the UK, changes to Benefit in Kind (also known as BIK) have been implemented for the past few years. The most recent change has been announced for April 2020, which we as an organisation, and others, think is not in line with the Government’s plan to reduce emissions levels.

Electric cars, which make up a significant number of Ultra Low Emission Vehicles (ULEVs) that are on the road in the UK, are set to have an increased BIK level of 16% in April 2019 before reducing to just 2% in 2020.

As leaders in Car Benefit Schemes, we are keen to support the Government’s plan to reduce vehicle emissions and therefore would like to see the reduced level implemented earlier.

Help make a change with 100,000 signatures

There is currently a petition circulating which is calling for the Government to consider moving to the reduced rate of 2% in April 2019, which has signed by almost 2000 people. We are keen for this to reach 10,000 signatures to gain a response from Government, but ideally the 100,000 signature mark, which will ensure that the topic is debated in parliament.

To sign the petition and show your support for reduced Benefit in Kind rates for electric car drivers, visit https://petition.parliament.uk/petitions/225968

Paul Gilshan, CEO at Tusker, comments “Government have tasked themselves with reducing emission levels, and we’re fully supportive of that. We feel that raising the BIK level for a year will simply delay increased adoption of electric vehicles and are calling on Government to bring forward the reduced rate of 2% to next April.”

The petition is live until the end of January, 2019.

Add your signature here – it only takes a minute and could make a difference.

Call us: 0333 400 1010

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Tuskerdirect Limited is an appointed representative of Howden UK Group Limited (FRN 309639) for insurance mediation activities and Product Partnerships Limited (FRN 626349) for consumer credit activities, which companies are authorised and regulated by the Financial Conduct Authority.


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