Insights
Company cars and double cab pick ups
Company cars, especially electric vehicles (EVs), remain a tax-efficient option for employers and employees, with benefit-in-kind (BIK) rates as low as 2% for EVs in 2024/25. Ross Bailey, Associate Director Corporate Tax in his article explains that (BIK) rates will rise gradually reaching 9% by 2030, and how to plan ahead to manage these changes effectively.
November 15, 2024
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