The EV company car tax sweet spot is coming to an end. Benefit-in-Kind (BIK) rates for electric vehicles, which have sat at a remarkably low 2% since April 2024, are set to rise to 3% in April 2025, then 4% in April 2027, and 5% in April 2028. If you’re considering a salary sacrifice EV … Read more
From April 2026, electric cars will start paying Vehicle Excise Duty (VED, or road tax) for the first time. If you own an EV or you’re thinking about buying one, you’ve probably wondered whether this changes the maths on resale values. The short answer: yes, but not in the way most people assume. What’s Actually … Read more
The government has confirmed that company car tax rates for electric vehicles will remain at 5% for 2027/28, following the rates already set for 2025/26 and 2026/27. If you’re in an EV salary sacrifice scheme or considering one, here’s what this means for your monthly take-home pay and whether you should act now or wait. … Read more
From April 2025, electric cars with a list price over £40,000 will pay an additional £425 per year in Vehicle Excise Duty (VED, also known as road tax) for five years. If you’re considering a salary sacrifice EV scheme, or already have one, you’re probably wondering: who actually pays this extra charge, and does it … Read more
From April 2027, electric car owners will start paying Vehicle Excise Duty (VED, or road tax as most of us call it) for the first time. But the actual amount you’ll pay depends on when you bought your EV, how much it cost, and whether it’s your first year of ownership or a subsequent one. … Read more
From 1 April 2025, electric vehicles registered after that date will pay Vehicle Excise Duty (VED, commonly called road tax) for the first time. EVs registered before this date got an extra year of grace, but from 1 April 2026, every electric car on UK roads will be paying. Here’s exactly what you’ll be charged, … Read more
Company car tax on electric vehicles is going up in April 2027. The Benefit in Kind (BIK) rate, that’s the percentage of a car’s list price you’re taxed on each year, jumps from 5% to 6%. If you’re considering a salary sacrifice EV, you might be wondering whether to sign up now and lock in … Read more
From April 2027, electric car owners will start paying Vehicle Excise Duty (VED, or road tax) for the first time. If you’re budgeting for an EV, or already own one, here’s what the changes mean in actual pounds and pence. What you’ll pay: the basic rate Most electric car owners will pay the standard rate … Read more
Electric cars currently pay nothing in Vehicle Excise Duty, the tax most people call road tax or car tax. That changes from April 2027, when EVs registered from April 2025 onwards will start paying the same VED as petrol and diesel cars. If you’re weighing up whether to buy an EV now or wait, here’s … Read more
If you’re considering a salary sacrifice EV, you’ve probably heard the slightly panicked whispers: company car tax is going up in April 2027. The Benefit in Kind (BIK) rate for electric cars, currently sitting at a very comfortable 2% for 2024/25, will rise to 3% in 2025/26, 4% in 2026/27, then jump to 5% in … Read more