Benefit In Kind On Electric Cars 2024/24

Benefit In Kind On Electric Cars 2024/24. Normal benefit in kind rules apply to electric cars and vans provided to employees and the rates of tax depend on the level of co 2 emissions. Electric cars do continue to offer benefits to those who use them as a company car thanks to a lower rate set by the government, but what does choosing an electric car mean for the amount.

Benefit in kind (bik) rates range from 2% to 37%, with the most polluting cars occupying the higher percentage range, and evs attracting a 2% rate. One effect of the increase in electric cars is that they have helped reduce the average co 2 emission rate of company cars to 99 g/km.