INTIEAUnited Kingdom · Company tax benefits for Electric VehiclesPolicyIn force

Company tax benefits for Electric Vehicles

The Government says that company car drivers choosing a pure electric vehicle will pay no benefit-in-kind (BIK) tax in 2020/21. In its response to its review of WLTP and vehicle taxes, to which Fleet News is listed as a respondent, HM Treasury has binned the previously…

Last changed 9 years ago.

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EffectiveJan 01, 2017
Last changeNov 05, 2017

Country / jurisdiction: United Kingdom · Year: 2017 · Status: In force · Level: National · Type: Voluntary

The Government says that company car drivers choosing a pure electric vehicle will pay no benefit-in-kind (BIK) tax in 2020/21.

In its response to its review of WLTP and vehicle taxes, to which Fleet News is listed as a respondent, HM Treasury has binned the previously published BIK rates for 2020/21.

The Government says that existing vehicle excise duty (VED) rates – also not part of this review – will stay the same from April 6, 2020, despite the introduction of WLTP values for tax purposes from this date.

Official source: https://www.fleetnews.co.uk/news/fleet-industry-news/2019/07/09/no-company-car-tax-on-electric-vehicles-says-government

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https://www.iea.org/policies/6626

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