Electric Company Car Benefits. Switching from petrol or diesel to an electric company car is an incredibly effective way to reduce your tax bill. We all know that private use of a company car, which includes normal commuting, gives rise to a taxable benefit for employees and a national insurance.
Employers must pay national insurance contributions (nics) on salaries, and also employee benefits like company cars. Tax benefits for electric company cars.
This Rises To 2% For Each Of The Next Three Tax Years.
Use the co2 emissions ready reckoners to work out the percentage benefit for petrol powered and hybrid powered company cars.
Given Company Car Tax Is Often Hundreds Of Pounds A Month, Or Even More, This Means There Are Huge Savings When You Go Electric.
Calculating your dividend tax bill.
Find Out Whether You Or Your Employee Need To Pay Tax Or National Insurance For Charging An Electric Car.
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Nics For Company Cars Are Based On.
Given company car tax is often hundreds of pounds a month, or even more, this means there are huge savings when you go electric.
Calculating Your Dividend Tax Bill.
Now is a good time to switch to an electric car as a company car.