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Electric and Hybrid cars Tax consequences

Posted: Oct, 20, 2022

By: leslie

Comments: 0

Tax consequences for 2022/23 for pure electric cars, are you will need to submit a P11D each year and HMRC will ‘charge’ you 2% of the manufactures price of the vehicle.
For fuel and Hybrid vehicles see the Co2 HMRC table:
https://www.gov.uk/guidance/company-car-benefit-the-appropriate-percenta...

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HMRC plans for Tax year basis

Posted: Apr, 15, 2022

By: leslie

Comments: 0

How does the tax system currently work?
The UK’s tax year ends on 5 April and while many businesses choose 31 March as a year end to broadly tie in with that date, many other businesses choose a different accounting year end date for commercial reasons, for example 31 December.

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