Electric Cars Archives

Sep 10 2026

Electric Vehicle Excise Duty

By admin Electric Cars, Electric Vehicle Excise Duty (eVED), HMRC, Potts & Co Accountancy & Business Advice News

A new mileage-based charge for electric vehicles (EVs) and plug-in hybrids known as electric vehicle excise duty (eVED) is due to come into effect from 1 April 2028. The charge is intended to ensure that drivers of electric and plug-in hybrid vehicles contribute towards motoring taxation as the use of…

Jun 12 2026

Public EV Charging Standard-Rated

By admin Electric Cars, HMRC, Potts & Co Accountancy & Business Advice News, VAT

HMRC has reconfirmed that supplies of electricity for charging electric vehicles(EVs) at public EV charging points is standard-rated for VAT purposes. Electricity supplied at public EV charging points is subject to VAT at the standard rate of 20%, rather than the reduced 5% domestic rate that often applies to home…

Dec 11 2025

Electric Vehicle Excise Duty

By admin Electric Cars, HMRC, Potts & Co Accountancy & Business Advice News

If you drive an electric or plug-in hybrid car you will have to pay a new mileage-based charge from April 2028 The electric vehicle excise duty (eVED) will be charged on top of the current vehicle excise duty charge paid by all vehicles. The charge will equal 3p per mile…

Nov 07 2024

Bad News For Hybrid Vehicles

By admin Budget Update, Company Cars, Electric Cars, HMRC, Potts & Co Accountancy & Business Advice News

Showing renewed commitment to promoting electric vehicles over petrol, diesel and hybrid models, the Government has extended the 100% first year allowance for zero-emission cars Businesses and individuals can continue to deduct the full cost of zero-emission vehicles and electric vehicle charge-points from their taxable profits until 31 March 2026…

Mar 31 2024

Advisory Fuel Rates

By admin Company Cars, Electric Cars, Expenses, HMRC, Potts & Co Accountancy & Business Advice News

HMRC has updated the recommended reimbursement rates for employees reclaiming business travel in company vehicles. If you pay for the fuel in your company car your employer can reimburse you for the cost of business journeys in that car at the following mileage rates tax free from 1 March 2024:…

Dec 04 2023

Charging Your Electric Company Car At Home

By admin Company Cars, Electric Cars, HMRC, Potts & Co Accountancy & Business Advice News

HMRC has updated its Employment Income Manual to bring the guidance on charging electric company cars at home in line with the legislation. Until now, the guidance in the Employment Income Manual (EIM23900) has contradicted the legislation in advising that if an employer reimburses an employee for charging their company…

Jun 03 2023

Excess Mileage Payments

By admin Company Cars, Electric Cars, HMRC, Potts & Co Accountancy & Business Advice News

Petrol and diesel pump prices are high but the tax-free mileage rates payable to employees who use their own vehicles for business have not been adjusted for over a decade. Many employees cannot afford to use their own car or motorbike for business journeys if they only get reimbursed at…

Jun 14 2022

Car Or Van Questions

By admin Company Cars, Electric Cars, HMRC, P11D, Potts & Co Accountancy & Business Advice News, Travel Expenses

When completing the annual expenses and benefits return (P11D) you need to know what company-provided vehicles each employee and director used in the tax year. A problem can arise when deciding whether small commercial vehicles should be treated as vans or as cars. The difference can have a significant impact…

Dec 17 2021

Benefits Of Electric Vehicles

By admin Company Cars, Electric Cars, HMRC, Potts & Co Accountancy & Business Advice News

The fuel crisis last September has encouraged many people to consider buying an electric car. Drivers of company-owned electric vehicles will find it particularly rewarding as the taxable benefit for using an electric company car is currently just 1% of its list price and there is zero taxable benefit for…

Mar 23 2020

Car & Van Benefits

By admin Company Cars, Electric Cars, HMRC, Potts & Co Accountancy & Business Advice News

To encourage companies to use electric cars the method of calculating the taxable benefit of company cars is changing for those with zero or low CO2 emissions. In 2020-21 pure electric cars will attract no taxable benefit for employees, down from the current rate of 16% of the list price.…

Electric Cars

Electric Vehicle Excise Duty

Public EV Charging Standard-Rated

Electric Vehicle Excise Duty

Bad News For Hybrid Vehicles

Advisory Fuel Rates

Charging Your Electric Company Car At Home

Excess Mileage Payments

Car Or Van Questions

Benefits Of Electric Vehicles

Car & Van Benefits

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