What Is The Bik For Electric Cars
What Is The Bik For Electric Cars. The department of finance announced in budget 2022 the phasing out of the 0% bik on electric vehicles over the next 4 years. For all fully electric cars on sale, the bik rate is 2% during the 2022/23 financial year.
Benefit in kind vehicle rates: Certain bik exemptions and discounts are available where the van made available to your employee is an electric van.
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