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UK: HMRC CLARIFICATION – ELECTRIC COMPANY CARS/VANS

HMRC have clarified their position and updated the guidance relating to the tax treatment of employees charging wholly electric company cars and vans at home.


The costs of charging will now be treated as a tax-free benefit. Previously HMRC said that where an employer reimburses their employees for the cost of charging a wholly electric company car or van at home, the reimbursement was taxable as earnings.


The exemption will only apply where it can be demonstrated that the domestic electricity was used to charge the company car or van.


#FarrellandFarrell #taxadvisors #HMRC #Taxspecialists #HMRCclarificationElectricCompanyCars #CrossBorder

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