NEW CITROEN DS5 HYBRID4 EXEMPT FROM 3 PERCENT BIK UPLIFT FOR DIESEL CARS
Citroën has welcomed HMRC confirmation that DS5 Hybrid4 models will not incur the 3% benefit-in-kind uplift that applies to conventional diesel powered cars.
Originally reported in an article published by BusinessCar, a HMRC spokesman has confirmed: “The 3% supplement cannot apply to a diesel hybrid because s141(3) of ITEPA 2003 (the regulatory document) defines ‘diesel car’ as being ‘propelled solely by diesel’.”
Andy Wady, Citroën UK’s Fleet Director, said: ”This is fantastic news as we gear up for the launch of DS5 early next year. It’s also great news for many company car drivers already attracted to DS5 and the Hybrid4 powertrain with its impressive fuel economy, low CO2 emissions, free VED, no London Congestion Charge…and now a BIK taxation rate at just 10%.”
Wady continued: “Hybrid4 represents a significant environmental advance that helps us build on our commitment to drive down CO2 emissions. Already, a full 50% of Citroën cars sold this year emit under 130g/km of CO2 and there has been a five-gram decrease in average CO2 emissions for the European range as a whole.”
DS5 is the first Citroën model to feature Hybrid4 diesel hybrid technology, providing enhanced performance and class leading environmental credentials. The advanced Hybrid4 system delivers 200bhp; four-wheel drive capability; emission-free electric power for the city; and an acceleration boost function for the open road - with total CO2 emissions of just 99g/km.