Frequently Asked Questions

Q Do I have to pay Benefit in Kind on an electric car?

A

Yes – you have to pay Benefit in Kind on an electric car, just as you would any type of vehicle driven as a company car or supplied via an employer. The good news is that EVs, as zero tailpipe emission vehicles, are subject to the lowest BiK. EV BiK was only 2% of the vehicle’s value in 2024-25, and will increase to just 3% in 2025-26.