Mileage Payments For Electric Cars. Some confusion has been reported over how businesses should calculate mileage expenses rates for electric and hybrid company cars. Electricity is taxed differently to other fuels, and hmrc has a much simpler system for reimbursing electric.
With the current electric company car mileage. To pay the relevant advisory fuel rate or approved mileage allowance payments based on the petrol or diesel engine;
Electricity Is Taxed Differently To Other Fuels, And Hmrc Has A Much Simpler System For Reimbursing Electric.
15,000 miles x $0.655 per mile = $10,050 mileage deduction:.
If You Have An Electric Car As A Company Car, The Advisory Electricity Rate Is 5P Per Mile.
Therefore, by the end of the tax year 2027/28, the bik rate for electric vehicles will be 5%, a rise of 3% from the 2024/25 rate.
How Do Mileage Rates Work For Electric And Hybrid Cars?
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If You Have A Pure Electric Car As A Company Car Then You Can Only Claim 4P Per Mile For Every Business Mile.
Therefore, you can use the map rate.
Our Response โ Yes And No!
Do map rates apply to electric cars and vans?
To Pay The Relevant Advisory Fuel Rate Or Approved Mileage Allowance Payments Based On The Petrol Or Diesel Engine;