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Electric and Company Cars

Company Cars

Looking at company cars from a companies point of view, the car would be treated as an asset for corporation tax purposes. Click the link below to view a pdf on the latest information on Company Cars in 2020.

 

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Electric Cars

Is now a good time to buy an electric company car?
The “car benefit” charge has been generally based on co2 emissions – the lower the emissions, the lower the benefit charge. The calculation is based on the “list price” of the car (which includes optional extras, VAT and delivery charges) when new, even
if the car was bought second-hand. Diesel cars potentially suffer a higher % charge than petrol cars.

 

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Electric Car - Further Clarification

What is the tax saving on an electric car?

Can I give my employee an electric car as an employee benefit?

and Claiming the VAT back

 

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