HMRC have recently clarified their view of the tax treatment of the reimbursement of electricity costs where employees charge their electric company cars at home. HMRC now accepts that reimbursing part of a domestic energy bill, which is used to charge a company car or van, is exempt from income tax. Their previous view was…
Tag Archives: benefits in kind; electric cars
In this article we look at the potential benefit in kind, which is remarkably low for certain electric cars. Plus there is no fuel benefit. 100% Capital Allowances and grants are available for both the car and charge points make electric cars worth considering. Electric cars benefit in kind 2022/23 The taxable benefit of a…
