EV BiK Tax Calculator
Corporate Tax Benefits
- 100% First Year Allowance: UK businesses can write off 100% of the cost of new electric cars against Corporation Tax in Year 1.
- Zero Workplace Charging Tax: Charging an electric company car at work is 100% tax-free.
Frequently Asked Questions (EV BiK Tax)
For PHEVs with an electric-only range of 130+ miles, the BiK rate is 4-5%. PHEVs with under 30 miles electric range face BiK rates up to 14%.
Yes. HMRC has announced that EV BiK rates will increase by 1% per year: 4% in 2026/27, 5% in 2027/28, and 6% in 2028/29.