Electric Vehicles to be Company Car Tax Exempt from 2020
From April 2020, company car drivers who decide to go electric will pay £0 BIK tax
In an effort to increase electric vehicle (EV) uptake among company car drivers, the Treasury recently confirmed that from April 2020 drivers of emissions free vehicles would pay no benefit-in-kind (BIK) tax. The announced change comes following the introduction of the Worldwide Harmonised Light Vehicle Test Procedure (WLTP) regulations for emissions. As the WLTP gives a more realistic measure of vehicle emissions compared to previous testing standards, reported CO2 outputs are expected to rise. The re...
26th Sep 2019 Read more
