On your car tax refund application form, you will have to state one of the following reasons to justify your refund request: You are selling your car or transferring it to a new owner The car has been exported from the UK The vehicle has been “written off” by your vehicle insurance co...
For example, if an electric car has a P11D value of £40,000, the current BiK rate of 2%, and the employee is in the 40% tax bracket, the annual BiK tax would be: (£40,000 x 2%) x 40% = £320 per year What is the BiK rate for electric cars in 2024? As of 2024,...
Why Are Cars So Expensive UK Cars in the UK are expensive due to several reasons. First, the UK has a relatively high cost of living, which affects the price of everything, including cars. Second, taxes and fees associated with buying a car, such as the Value Added Tax (VAT), registr...
UK EV Road tax changes 2025: everything you need to know EV buyers are facing big hikes in taxation as the government seeks to plug ... READ MORE » Ginny | 17 Mar 2025 Renault 5 Turbo 3E: everything we know The all-electric, 540bhp Renault 5 Turbo 3E is a heritage-inspired dri...
It’s not uncommon for vehicle tax rates to change year-on-year, so check the government guidance to keep updated on the newest Car tax rates for 2024. Electric cars currently pay no road tax, as EV drivers are exempt from all payments, including the surcharge. This is one of the ...
Used Car Prices in the US Fall in December The Manheim Used Vehicle Value Index for the US fell 0.3% mom in December 2024, following a 1.3% rise in November. Prices fell for compact cars (-0.3%), luxury (-0.5%), SUVs (-0.7%) and mid-size sedans (-0.9%) but rose 1% for the...
Monthly BIK tax at 20%£13.33 Monthly BIK tax at 40%£26.67 We think the Model 3 is the best company car in the UK – especially for drivers covering lots of miles – because it gives you access to the Tesla network of superfast and ultra-reliable chargers. It's good to drive, ...
Delivery to any UK mainland address, road tax and the manufacturer’s warranty is included in the cost of your lease agreement. Lease cars from the whole of market. FVL can lease any new make and model of car available in the UK. ...
If you buy a car via your own limited company, there are several tax considerations to consider. Read our no-nonsense guide to work out the real cost.
The most reliable car brands in the UK 2024 1. Mini Reliability rating98.3% Mini is the highest rated car brand for reliability, posting strong performances across its line-up. All five of the Mini models we were told about had a very low fault rate, and all faulty cars could still be...