For the 2020/21 tax year, the benefit in kind on electric cars reduces to 0%. Zero! Nothing! So, is now a good time to buy an electric company car? We explore the answer and costs in our latest article.
Electric & Company Cars
The latest advice to help your business.
If you’re considering buying a company car you may be wondering whether it’s better to buy it through the your business or personally. We break down the costs and tax benefits for each option.
In this article we explain the tax saving on an electric car, whether it can be given as an employee benefit and claiming the VAT whether you buy or lease it.
In this article we explain the benefit in kind implications, tax allowances and running costs for an electric company car so you can decide whether this is the right time for your business.
A purely electric company car will be subject to pay absolutely no car benefit charge for the 2021/22 tax year. But that’s not the only reason that this is the perfect time.