Company tax benefits for Electric Vehicles
The Government says that company car drivers choosing a pure electric vehicle will pay no benefit-in-kind (BIK) tax in 2020/21.
In its response to its review of WLTP and vehicle taxes, to which Fleet News is listed as a respondent, HM Treasury has binned the previously published BIK rates for 2020/21.
The Government says that existing vehicle excise duty (VED) rates – also not part of this review – will stay the same from April 6, 2020, despite the introduction of WLTP values for tax purposes from this date.
In its response to its review of WLTP and vehicle taxes, to which Fleet News is listed as a respondent, HM Treasury has binned the previously published BIK rates for 2020/21.
The Government says that existing vehicle excise duty (VED) rates – also not part of this review – will stay the same from April 6, 2020, despite the introduction of WLTP values for tax purposes from this date.
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