back in august 2014 I eagerly ordered a Tesla Model S and was sold on the fact that BIK was 0%. With a list price of £85k it seemed to be a good selling point. The car was invoiced in 2014 and delivered in January 2015. The new BIK rules came into effect in April 2015. Since then I've had a not insignificant tax liability which is frustrating considering the rules when ordering the car. My salary is £45k so this pushes me into 40% bracket. Is there any legislation to exempt EVs that were purchased before April 2015?
If not not what is the most tax efficient way of retaining use of the car? I own the company that I bought it through and have a directors loan greater than the value of the car, so selling it to myself could be an option but not preferred.
The car has depreciated since the new 4 wheel drive versions have been released, but it seems BIK must be calculated based in original list price regardless of whether at that time BIK was even applicable.
any advice and suggestions would be greatly appreciated