National Insurance contributions of 13.8% on the annual taxable benefit (P11D value x HMRC set company car tax %) - This assumes that the National Insurance contribution of 13.8% remains constant from 2023 - 2026 BMW 320i M Sport – CO2 emissions – 148g CO2eq/km : source DriveElectric ...
A webinar exploring the tax implications of providing an electric company car or using an electric car for business purposes, and why businesses might want to make the switch.
Charging an Electric Car at Home Summary Company car tax, officially known as Benefit in Kind Tax (BiK), is calculated based on the P11D value of the vehicle, its CO2 tailpipe emissions and the employee’s income tax band. The BiK tax rate is set by HM Treasury and usually collected ...
The Mii is leading the environmentally-friendly way forward for SEAT and while it was already and excellent little car, running costs have become cheaper despite the large initial outlay. Factfile SEAT Mii Electric Price:£19,800 (includes up to £3,000 HMRC electric car grant) ...
Company car drivers can pick from several power sources, but some are easier and cheaper to run than others. Here are the pros and cons of petrols, diesels, hybrids, PHEVs and electric fleet cars...Company car drivers used to have it pretty easy when it came to deciding what sort of...
Charging: Emissions: Complexity: Flexibility: BEVs run solely on electricity offer a longer electric-only range (often 200-300 miles or more) rely entirely on charging for their range produce zero direct emissions simpler drivetrains, potentially leading to lower maintenance costs ...