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FAQ topic
Absolutely. With zero CO2 emissions, the BYD Seal attracts a Benefit-in-Kind rate of just 3% for the 2025/26 tax year, making it one of the most tax-efficient company cars available. Depending on your personal tax band, the monthly BiK tax bill is significantly lower than you'd pay on a comparable petrol or diesel saloon. Businesses can also reclaim 50% of the VAT on contract hire payments. Paired with DriveElectric's salary sacrifice scheme, the savings can be even more significant for both employer and employee.
Absolutely. With zero CO2 emissions, the BYD Seal attracts a Benefit-in-Kind rate of just 3% for the 2025/26 tax year, making it one of the most tax-efficient company cars available. Depending on your personal tax band, the monthly BiK tax bill is significantly lower than you'd pay on a comparable petrol or diesel saloon. Businesses can also reclaim 50% of the VAT on contract hire payments. Paired with DriveElectric's salary sacrifice scheme, the savings can be even more significant for both employer and employee.
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