Company Electric Vehicle Scheme. All of the examples, both electric and petrol cars, are based on a 4 year, 5,000 mile agreement. ‘salary sacrifice’ means a small amount of pay is deducted.
That’s why this is important news for. Opting for a lower emission car will result in a lower a benefit in kind value, meaning less income tax.
Employees Who Pay Tax At The Basic Rate Can Make A Saving Of 20% In Income Tax And 12% In National Insurance,” He Says.
In a nutshell, your company leases an electric vehicle from a supplier, such as octopus electric vehicles, and you then pay for it through your employer via a.
Free To Set Up And Simple To Run.
An electric company car scheme can be a great way for employers to demonstrate their ethical and environmental values, whilst enhancing their employee value proposition.
Let’s Say Your Company Offers A Salary Sacrifice Scheme For The Tesla Model 3, And The Lease Deal On This Is £550 A Month;
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The Tax Rules For Company Cars Are Designed To Encourage The Selection Of Cars With Lower Co2 Emissions.
The same is true of individuals named by their employer as the.
All Of The Examples, Both Electric And Petrol Cars, Are Based On A 4 Year, 5,000 Mile Agreement.
‘salary sacrifice’ means a small amount of pay is deducted.
Minimum Salary Of £20,000 After All Salary Sacrifice Reductions.