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Electric Vehicles

Posted: March 5, 2021

Some key points on electric vehicles:

  • A 2% benefit-in-kind rate will apply to fully electric cars from 2022-23 until 2024-25.
  • Salary sacrifice anti-avoidance legislation does not apply to low CO2 emission cars.
  • The installation of a charging point at an employee’s home may result in a taxable benefit.
  • Government’s “plug-in” financial grant designed to encourage the purchase of electric cars in the UK (conditions apply).
  • From 6/4/21 there is zero van benefit charge for e’ees for drive fully electric vans and use them privately.
  • Hybrid company cars benefit determined by CO2 emissions, electric range, and date of registration.

For more information or advice please contact us at info@burgesshodgson.co.uk