Benefit In Kind On Electric Cars 2024/25. For both the 2022/23 and 2023/24 tax years, the benefit in kind for an electric vehicle is set at 2% of its manufacturers list price, making it highly competitive when compared to. The government currently have the bik rate set at 2% of the vehicle value for the 2022/23 tax year for electric cars as they produce 0 g/km of co2.
The co 2 emission reference applying in 2024 for the calculation of the benefit in kind of the private use of a company car by company directors and employees has been published. Electric cars favourable benefit in kind rates.
This Means You Can Make Considerable Tax Savings When Choosing An Ultra Low.
Based on the current rates, vehicles that emit 92g/km co 2 attract a benefit in kind charge of 23%.
The Government Currently Have The Bik Rate Set At 2% Of The Vehicle Value For The 2022/23 Tax Year For Electric Cars As They Produce 0 G/Km Of Co2.
As announced in autumn statement 2022, for the tax year 2025 to 2026, the appropriate percentage for company cars which produce zero emissions and cars which produce.
Benefit In Kind On Electric Cars 2024/25 Images References :
For All Fully Electric Cars On Sale, The Bik Rate Is 2% During The 2024/25 Financial Year.
The lower tax rates for electric vehicles in the tax years 2023/24 and 2024/25 make driving electric even more appealing.
This Means You Can Make Considerable Tax Savings When Choosing An Ultra Low.
Based on the current rates, vehicles that emit 92g/km co 2 attract a benefit in kind charge of 23%.