Everything you need to know about electric company car tax | Autocar

If your employer provides you with a car that’s available for private journeys, it’s classed as a benefit-in-kind – a term that applies to a broad spectrum of workplace perks – and taxed out of your monthly pay packet. Depending on the car you choose, this can be cheaper than buying or leasing privately.The amount you pay is based on the vehicle’s taxable value. This is a percentage of its list price, which gets progressively larger for cars with higher CO2 emissions.

Ultra-low tax bands for EVs – which are rated at 0g/km CO2 – were reintroduced in April 2020, and the taxable value for these cars is currently frozen at 2% of the list price until April 2025. The taxable value for these cars is just 1% of the list price until April 2022, then 2% for the following three financial years.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Charge Cars to enter US market next year with electric Mustang | AutocarMakers of the electromod Mustang will push on with orders despite troubles at sibling brand Arrival 🤩😍 Bet that sounds amazing
Herkunft: autocar - 🏆 93. / 67 Weiterlesen »

Hybrid car company car taxHybrid cars can make a tax-efficient choice for business drivers, but there's more to think about than just money when it comes to running one
Herkunft: whatcar - 🏆 554. / 51 Weiterlesen »