Benefit In Kind On Electric Cars 2024/25. Whilst electric cars previously had a tax relief, that is no longer the case. The lower tax rates for electric vehicles in the tax years 2023/24 and 2024/25 make driving electric even more appealing.
The present bik rate for electric cars is 2%, and it will remain at 2% for the 2023/24, and 2024/25 financial years. Whilst electric cars previously had a tax relief, that is no longer the case.
If An Employee Can Get A Fully Electric Car, They Will Still Pay Income Tax On The Benefit In Kind, But This Is Calculated At The Very Low Rate Of Only 2% Of List Price For The 2023/24 And 2024/25 Tax Year Although This Will Rise By.
From april 2025, the bik rate will increase by 1% every year until 2028.
However There Is A Reduced Electric Company Car Tax Rate In.
The lower tax rates for electric vehicles in the tax years 2023/24 and 2024/25 make driving electric even more appealing.
Benefit In Kind On Electric Cars 2024/25 Images References :
Use The Co2 Emissions Ready Reckoners To Work Out The Percentage Benefit For Petrol Powered And Hybrid Powered Company Cars.
The present bik rate for electric cars is 2%, and it will remain at 2% for the 2023/24, and 2024/25 financial years.
The Benefit In Kind Figure For The Employee Is Calculated With.
For all fully electric cars on sale, the bik rate is just 2% during the 2022/23 tax year at which it will remain during 2023/24.