Electric Cars Benefits In Kind. The below example is based on a higher rate taxpayer buying an electric tesla model s versus a petrol mercedes s 450 after april 2020. Well lets take a bmw 3 series 320i sport with a list price of £33,965 and co2 emissions of 124 g/km.
They can reduce emissions and even save you money. We thought that it would be useful to show an example of how the above rates work in practice. For electric cars and other cars with an approved co2 emissions figure of 75g/km or less, answer ‘no’ to the question ‘is the car provided via an optional remuneration arrangement?’.
This is compared to a maximum of 37% charged on the least co2 efficient vehicles.
Capital allowances on electric cars. There are many benefits of using electric cars, some of which include: Compared to internal combustion engine (ice) cars, electric cars are quieter, have no exhaust emissions, and lower emissions overall. This is compared to a maximum of 37% charged on the least co2 efficient vehicles.