Electric Car Benefit In Kind 2024/24. The 2024/25 tax year multiplier for car fuel benefit is £27,800. The 2023/24 bik rates are the.
The present bik rate for electric cars is 2%, and it will remain at 2% for the 2023/24, and 2024/25 financial years. Benefit in kind (bik) rates have been frozen since 2022/23 tax year.
Hybrid Cars Are Treated As Either Petrol Or Diesel Cars For Advisory Fuel Rates.
Electric cars the way for a sustainable automotive industry, as of 2024, all fully electric cars are eligible for a 2% bik rate, and this is set to stay the same until it changes in april 2025 (when it goes up to 3%, increasing a percentage.
For All Fully Electric Cars On Sale, The Bik Rate Is Just 2% During The 2022/23 Tax Year At Which It Will Remain During 2023/24 And 2024/25 (See Table Below).
Skoda kodiaq cars for sale.
Electric Car Benefit In Kind 2024/24 Images References :
The 2% Bik Rate Will Only Be In Place.
Company car tax rates had already been published up until 2024/25, with the bik rate.
The Cash Equivalent Figures Reported On Each Employee’s P11D Are £150 Health Care And £3,000 Car Benefit.
Hybrid cars are treated as either petrol or diesel cars for advisory fuel rates.