Vehicle Excise Duty is a yearly tax levied on everyone who drives a car, van, motorcycle, or any other vehicle in the UK. Every year, the tax increases in line with inflation. The new standard rate is £195. While electric vehicle owners were previously exempt from paying the tax, driv...
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the peak and end-of-year months. This could imply that there's generally more car rental availability and flexibility for last-minute bookings during these months. However, it's always advisable to book as early as possible to secure the desired vehicle type and potentially get better rates. ...
The easiest way to check which tax band your car is in, and the exact amount of car tax you pay, is by using the tax rate tables on the gov.uk official website. It’s not uncommon for vehicle tax rates to change year-on-year, so check the government guidance to keep updated on ...
Other terms, borrowing amounts and rates are available. Compare your car finance options Comparing your car finance is simple. For HP and PCP, use our comparison tool to discover the right finance option for you. Get started today. Compare car finance ...
The 2% Benefit in Kind rate has now been frozen until 2025, so electric company cars drivers can continue to enjoy reduced BIK rates until this date. Workplace EV charging If you’re an employer, you may be able to benefit from an electric car Benefit-in-Kind tax exemption by ...
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President of the AA Edmund King believes the tax hike "is acceptable if other incentives for the transition to EVs remain in place" but VED "should still be lower than for diesel or petrol vehicles" fearing that "increasing tax rates will slow the road to electrification". ...
In Fact, Painfully High - which means PCP payments are too... While no one can predict depreciation rates, they’re likely to be steep. So, how do you get the best deal? Forget what you did last time—or the perfect spec (or colour). Instead, ask a smarter question: "Which model...
As the UK pushes towards a greener future, the Benefit in Kind (BiK) rates for electric cars have become a hot topic for company car drivers and fleet managers alike. Here, we’ll explore the current BiK rate for electric vehicles, how it compares to traditional fuel types, and what chan...