Electric Car Benefit In Kind 2024/25

Electric Car Benefit In Kind 2024/25

Electric Car Benefit In Kind 2024/25. Weโ€™re including these tables to show some of the rates in use for the 2024/25 tax year, so we can explain how to use these values to calculate tax. This means that fully electric cars (and hybrid cars with an electric range of over 130 miles) have a benefit rate of 1% in 2021/22 and 2% from 2022/23 to 2024/25.


Electric Car Benefit In Kind 2024/25

Use the co2 emissions ready reckoners to work out the percentage benefit for petrol powered and hybrid powered company cars. This means you can make considerable tax savings when choosing an ultra low.

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