Benefit In Kind On Electric Cars 2024/24. In the uk, corporate car tax (benefit in kind) is being waived on electric cars: 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 point each.
The government currently have the bik rate set at 2% of the vehicle value for the 2022/23 tax year for electric cars as they produce 0 g/km of co2. The benefit in kind figure for the employee is calculated with ยฃ25,000 x 23% =.