Volvo DRIVe

 

• Three new Volvo DRIVe models help company car drivers avoid planned tax rises
• BIK tax changes in April 2012 will see the lowest band emissions threshold cut from 120g/km to just 99g/km
• C30, S40 and V50 DRIVe models emit just 99g/km CO2 so will remain in the lowest BIK tax band

Under current legislation, the lowest Benefit in Kind (BIK) tax band is available to cars that emit less than 120g/km CO2. The new rules, set to be introduced from April 2012, will see that threshold cut to just 99g/km - increasing BIK tax costs for company car drivers.

The changes mean a driver opting for a car with sub-120g/km emissions over a typical three-year contract will be hit by a higher tax bill when the new legislation takes effect. For a driver getting a new car in the first quarter of 2011, that could potentially mean significantly higher costs in the second and third year with the vehicle.

However, three new 99g/km CO2 DRIVe models from Volvo can help company car drivers avoid paying any more tax without sacrificing comfort, practicality or driving enjoyment. DRIVe versions of the C30 hatchback, S40 saloon and V50 sportswagon emit just 99g/km CO2, and as such will remain in the lowest tax band for diesel models even after the tax changes.

Better still, following the announcement of new legislation, these DRIVe models will also be exempt from the London Congestion Charge from 4th January 2011 - a double saving for company car drivers spending time in the Capital.