0% Benefit in Kind for a company purchase until April 2015, after which BIK is set at a rate of 5%
A diesel powered executive car costing £49,900 with an emission rating of 150g/km CO2 would be taxed at over 24% BIK, and for individuals in the higher tax bracket of 40% this means that owning Model S could mean a saving of over £4,500 in the first year alone. (Cost comparison based on a £49,900 60kWh Model S at 0% BIK)
100% First Year Allowance for company purchase until April 2015
When Model S is purchased as a company car owners are entitled to a 100% first year write-down allowance (FYA) for expenditure incurred.