Additionally,Benefit in Kind (BIK) tax for electric vehicles currently sits at 2% in 2023. This rate will remain the same until 2025, where it will then increase to 3%. BIK means that if you provide your employees with a financial benefit that isn’t a part of their sal...
Benefit in Kind (BIK) tax, widely known as company car tax, is calculated by the value of the vehicle, its CO2 emissions and the employee's income tax band. Electric cars are a taxable benefit, which means employees have to pay Benefit in Kind (BIK) tax on electric company cars. How...
(100%)ofexpensesforM1.MinimalannualbenefitinkindforBEVs,FCEVs,andPHEVs:4%ofthelistvalue. Flanders:€5,000premiumin2024foranewzero- emissioncarpurchased byanaturalperson,a non-profitorganisation,oravehiclesharingplatform,withapricecapof€40,000(includingVAT). Usedzero-emissionvehiclesofatleastthreeyears...
Electric cars have now entered the mainstream, accounting for almost a fifth of new car sales in the UK. What's more, their rise is only going to accelerate as rules are introduced to limit the kind of vehicles allowed into major cities and we get closer to the 2035 ban on the sale ...
electric car drivers leasing a vehicle will end up on average saving £2,058 over this four-year period, a saving of £43 a month. The difference in costs for leased vehicles is most significant for the Nissan LEAF 40 - £1,766 less a year than its equivalent petrol car,...
The popularity of electric cars continues to rise - in April this year 15.4% of all new car registrations were electric vehicles. Whilst fuel costs are undoubtedly a driver in the decision to go green, the tax benefits can also be persuasive. In this webinar we’ll look at the tax impli...
Sticking with performance-focused electric cars, the MG Cyberster roadster has finally arrived, and we love it. It's on sale initially as a two-seat roadster, complete with a drop-top, buta hard-top coupe version is on the way later in 2024and has the benefit of a 2+2 seating configur...
MG5 EV has a WLTP-approved combined range of 214 miles in normal day-to-day use. This rises to 276 miles if the car is used solely for urban driving. Prices start from just £24,495 after the Plug-In Car Grant (currently £3,000) and ...
So while you're unlikely to feel like you've done a workout at the end of an e-bike ride, if you're using the electric bike to reduce the amount of journeys you do in the car, you'll add more movement into your day. Plus, you get the benefit of being outdoors, not stuck in...
In this system, the electric motor is the only means of supplying power to the vehicles. The generator gives supply to both batteries as well as the motor that drives the vehicle. These vehicles have a large battery pack and a large motor with a small IC engine (Thompson et al., 2011)...