Company car with personal mileage allowance
Discussion
I have an employee, recruited before I joined.
They live quite some distance from the office, so it was agreed that their 'personal mileage' would be covered, so they are not out of pocket by travelling to said office.
They have also been promised an electric company-supplied car, thereby limiting BiK exposure.
If it were an ICE car, we would simply source and issue a fuel card and allow them to use it for personal miles.
However, how does this generally work with EV's? AIUI, HMRC doesn't recognise electricity as a fuel, so there is no BiK on it.
In terms of recompensing for personal miles, how do we therefore do that?
They live quite some distance from the office, so it was agreed that their 'personal mileage' would be covered, so they are not out of pocket by travelling to said office.
They have also been promised an electric company-supplied car, thereby limiting BiK exposure.
If it were an ICE car, we would simply source and issue a fuel card and allow them to use it for personal miles.
However, how does this generally work with EV's? AIUI, HMRC doesn't recognise electricity as a fuel, so there is no BiK on it.
In terms of recompensing for personal miles, how do we therefore do that?
MaxFromage said:
Muzzer79 said:
In terms of recompensing for personal miles, how do we therefore do that?
You have a number of choices:https://www.icaew.com/insights/tax-news/2023/sep-2...
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