Company car tax rules changes pave way for EV market boost

Cecilia Keating
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Roughly 970,000 company cars circulate on British roads, typically over a period of three years before being retired to the second-hand market
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Roughly 970,000 company cars circulate on British roads, typically over a period of three years before being retired to the second-hand market

Reforms to Business in Kind tax rate for electric cars will further enhance the financial case for switching company cars to electric models from today

Company car drivers opting for electric vehicles (EVs) have been relieved from monthly benefit-in-kind (BiK) tax payments for 12 months as of today in a rule change expected to spur a sizeable boost to...

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