Hi
I recently changed company car to a ford mondeo econetic and my BIK notional pay has gone from 340 per month to 516 per month. Used to drive a toyota avensis. Could this be right as from what i can make out this model should be in the lowest band as its C02 emissions are only 139g/km and i drive alot so should be claiming highest relief (circa 50-60k per year). If thats right then i think i should only be paying 6% of the OMV which seems to be around 30k.
Sorry but just want to be slightly more informed before i ring payroll
Thanks
I recently changed company car to a ford mondeo econetic and my BIK notional pay has gone from 340 per month to 516 per month. Used to drive a toyota avensis. Could this be right as from what i can make out this model should be in the lowest band as its C02 emissions are only 139g/km and i drive alot so should be claiming highest relief (circa 50-60k per year). If thats right then i think i should only be paying 6% of the OMV which seems to be around 30k.
Sorry but just want to be slightly more informed before i ring payroll
Thanks