Kiah Selene

Benefit In Kind On Electric Cars 2024/25. The benefit in kind figure for the employee is calculated with £25,000 x 23% =. For electric cars, benefit in kind tax is only 2% until 2025, rising by only 1% each year until 2028.

Electric cars favourable benefit in kind rates 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. For electric cars, benefit in kind tax is only 2% until 2025, rising by only 1% each year until 2028.