Making the Switch - A Bitesized Guide Tax Benefits of Electric Cars

Introduction

There are a number of factors driving employers to consider providing fully electric vehicles to their employees.

While climate change concerns and favourable tax consequences might spark initial interest for employers, recent big reductions in the benefit in kind tax costs, combined with increases in both the number of models and the range that these vehicles can travel, mean that they are also starting to look more appealing to employees.

This short webinar will look at the tax issues for both employer and employee when the employer provides their employee with a fully electric car.

Please note that the webinar will not cover vehicle excise duty or the ‘plug-in grants’ which can reduce the upfront cost of electric vehicles.

What You Will Learn

This webinar will cover the following:

• The availability of capital allowances for employers on the initial purchase of a fully electric car
• Employment taxes matters including:
• Benefit in kind for provision of the car
• The tax implications of reimbursing charging costs
• Installation of work and home charging points
• A review of the position for hybrid vehicles which are not fully electric
• Electric vans

This webinar was recorded on 24th January 2022