Understanding The Results
This page shows current plug-in hybrid company cars together with their standard P11D value, Benefit-in-Kind percentage, annual taxable benefit and electric range using information held in the DriveSmart company car database.
P11D Value
The P11D value is the taxable value used when calculating company car benefit.
It is generally based on the car's list price, including VAT and delivery charges, together with qualifying accessories, but excluding the first registration fee and annual Vehicle Excise Duty.
Factory-fitted options and accessories may increase the P11D value and therefore increase the taxable company car benefit.
Benefit-in-Kind Percentage
The Benefit-in-Kind percentage, often shortened to BIK percentage, is the appropriate percentage applied to the car's P11D value.
For plug-in hybrid company cars, the appropriate percentage depends on the vehicle's official CO2 emissions and, where applicable, its electric range.
Company car Benefit-in-Kind percentages are set by tax year and may rise in later tax years.
Annual Taxable Benefit
The annual taxable benefit is normally calculated as:
P11D value × Benefit-in-Kind percentage
For example, a plug-in hybrid company car with a P11D value of £40,000 and a 10% appropriate percentage would create an annual taxable benefit of £4,000.
Company Car Tax Payable
The annual benefit shown in the table is not the amount of income tax payable.
The taxable benefit is added to the employee's taxable income. The tax payable therefore depends on the employee's income tax rate and individual tax position.
As a simplified illustration, an annual taxable benefit of £4,000 would produce income tax of £800 at 20%, £1,600 at 40% or £1,800 at 45%, before considering the employee's wider tax circumstances.
Electric Range
The Electric Range column shows the published battery-electric driving range held in the vehicle data where available.
Real-world range can vary according to temperature, speed, driving style, route, payload, use of heating or air conditioning, battery condition and charging behaviour.
Selecting A Vehicle
Click the Select button beside a vehicle to open the DriveSmart price, equipment, options and technical specifications page for that derivative.
Adding factory options may change the P11D value. The vehicle details page can therefore provide additional information when examining a specific car.
Manufacturer Filter
Select a manufacturer to restrict the results to plug-in hybrid cars from that manufacturer.
Select All Manufacturers to return to the complete list of current plug-in hybrid cars.
Search Bar
Use the search bar to find a manufacturer, model or derivative. Searches are not case-sensitive.
You can enter a full vehicle name or a shorter term. For example, you can search for a manufacturer such as BMW, a model range or part of a derivative description.
Results Display
Use Results Display to show 20 Results, 50 Results, 100 Results or All Results.
Showing all results may produce a longer page because every matching plug-in hybrid car is displayed at the same time.
Sorting The Results
Click a column heading to sort the results by that value.
You can sort by manufacturer, model, derivative, P11D value, BIK percentage, annual benefit or electric range. Click the same heading again to reverse the sort order.
Important Notes
The table uses standard vehicle data. Factory options, accessories and changes to the vehicle specification may affect the final P11D value.
Capital contributions, private use contributions, periods when the vehicle is unavailable and changes during the tax year may affect the taxable benefit for an individual employee.
The figures should be checked against the vehicle supplied, the applicable tax year and the employee's actual circumstances.
DriveSmart provides factual comparison data and does not recommend plug-in hybrid company cars or rank cars as best or worst.
DriveSmart reviews this page when HMRC announces significant changes to company car taxation affecting plug-in hybrid cars.
Related Company Car Tools
Plug-In Hybrid Company Car Benefit And Tax FAQs
How is plug-in hybrid company car benefit calculated?
The annual taxable benefit is normally calculated by multiplying the plug-in hybrid car's P11D value by the applicable Benefit-in-Kind percentage for the tax year.
How is the plug-in hybrid company car Benefit-in-Kind percentage determined?
The appropriate percentage for a plug-in hybrid company car depends on its official CO2 emissions and, where applicable, its electric range for the relevant tax year.
Is the annual taxable benefit the amount of tax paid?
No. The annual taxable benefit is added to the employee's taxable income. The income tax payable depends on the employee's tax position and applicable income tax rate.
Does the P11D value include factory-fitted options?
The taxable value normally reflects the car's appropriate list price and qualifying accessories. Factory-fitted options may therefore increase the final P11D value and taxable benefit.
Does DriveSmart recommend a plug-in hybrid company car?
No. DriveSmart provides factual vehicle and taxation comparison data. It does not recommend cars or rank vehicles as best or worst.