The Smart Move: Electric Vehicles in Company Car Schemes
In this episode of the AskJT podcast, Justin Turner dives into why electric vehicles (EVs) are transforming company car schemes and how business owners can make the most of it. Learn how EVs create massive tax advantages through benefit-in-kind rules, salary sacrifice schemes, and corporation tax savings. Justin also explains how offering EVs can boost staff retention, lower fuel costs, and reduce your business’s carbon footprint. 🚗 Topics covered: Why the benefit-in-kind rate on EVs is a game changer (currently just 3%) How salary sacrifice schemes work and why they benefit both employer and employee VAT, corporation tax, and NI savings explained Real-life examples from Justin’s own business and clients Challenges with charging, apps, and infrastructure (and how to handle them) Whether you're a director looking to save on tax, or an employee exploring your options, this episode gives you a clear, honest take on why EVs are the future of fleet and company car policy. 🔋 Subscribe for more tax-smart business ideas every week.