Electric Vehicles: Taxation
(asked on 12th October 2022) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he has had recent discussions with representatives of firms across the vehicle leasing sector on the merits of extending the two per cent benefit-in-kind taxation rates for battery electric cars beyond 2024-25.
Answered by
Felicity Buchan
Parliamentary Under Secretary of State (Department for Levelling Up, Housing and Communities)
This question was answered on 21st October 2022
HMT recognises the important contribution the company car market makes to electric vehicle (EV) take-up in the UK.
The Government has announced CCT rates until April 2025 to give certainty to fleet owners, manufacturers and company car drivers, and aims to announce rates at least two years in advance of the rates coming into effect.