Electric Company Car Mileage Rates. If you are driving a personal electric car for business purposes, the. When employees recharge electric company cars at home, employers can reimburse their employees for the cost of electricity using hm revenue & customs'.
If an employee travels 6,000 miles in a fully electric company car over a tax year, they are entitled to. Where an employee uses their own car, the mileage rate is the same for an electric car as it is for a petrol or diesel car.
In September 2018, Hmrc Announced That The Advisory Electricity Rate (Aer) To Be Used For Electric Company Cars Is 4P Per Mile.
Itโs based on an average efficiency figure.
How Electric Car Mileage Rates Work.
The advisory electric rate (aer) is currently 9p per mile for all electric vehicles, regardless of their size or efficiency.
Electric Car Mileage Rates For Company Cars.
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Some Confusion Has Been Reported Over How Businesses Should Calculate Mileage Expenses Rates For Electric And Hybrid Company Cars.
Those bands are frozen until april 2025, which means electric vehicle drivers are only being taxed based on 2% of the list price until that date.
This Is Significantly Lower Than The Bik Rates For Petrol And Diesel Cars, Which Can Be As High As 37%.
Exploring electric car mileage rates?
Where An Employee Uses Their Own Car, The Mileage Rate Is The Same For An Electric Car As It Is For A Petrol Or Diesel Car.
