Electric Vehicles: Taxation
(asked on 17th June 2022) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps he is taking towards setting benefit-in-kind taxation rates for 2025-26; and what discussions he has had with the Secretary of State for Transport on the potential impact of those rates on the adoption of electric vehicles.
This question was answered on 22nd June 2022
Like all taxes, benefit-in-kind tax rates for company cars, also known as Company Car Tax (CCT), are kept under review. The Government aims to announce CCT rates at least two years ahead of implementation to provide certainty for employers, employees and fleet operators.