spooksman
Member
Just as a note, electricity is not classed as a fuel by HMRC - on an electric car you can't assign a Fuel Benefit Charge...
"electricity does not sit within the meaning of fuel so the Fuel Benefit Charge does not apply. And there is no further benefit charge as s239(4) ITEPA 2003 specifically excludes a benefit connected with a taxable car."
Bottom line is that an electric car is a steal as a company car for the next few years, especially if it's salary sacrificed. Equally, your employer can choose to pay for the home charger if they do choose without it being a BiK.
"electricity does not sit within the meaning of fuel so the Fuel Benefit Charge does not apply. And there is no further benefit charge as s239(4) ITEPA 2003 specifically excludes a benefit connected with a taxable car."
Bottom line is that an electric car is a steal as a company car for the next few years, especially if it's salary sacrificed. Equally, your employer can choose to pay for the home charger if they do choose without it being a BiK.