Electric Cars - The Role of Tax in Driving Change

Content

The popularity of electric cars continues to rise - in April this year 15.4% of all new car registrations were electric vehicles. Whilst fuel costs are undoubtedly a driver in the decision to go green, the tax benefits can also be persuasive.  

In this webinar we’ll look at the tax implications of providing an electric company car or using an electric car for business purposes, and why businesses might want to make the switch. 

This webinar is aimed at tax advisers, business owners and employers who provide company cars. It is pitched at an intermediate level, and will assume some knowledge of both the basic income tax and corporation tax rules for businesses and employment taxes. 

Topics covered will include: 

• Business deductions and capital allowances on electric cars 
• The benefit in kind rules for electric company cars 
• Tax implications of charging electric cars at work, at home and on the go  
• VAT issues relating to electric cars  
• Tax treatment of other kinds of vehicle (including hybrid cars and electric vans) 
• Upcoming VED changes. 
• What the future might hold for tax and electric cars. 

By attending this session, you will learn about the various tax benefits to businesses of switching to electric cars, and be able to help you and your clients decide on the best option.  

Specific learning outcomes from this session include an understanding of: 

• The wide range of tax implications (both direct and indirect) of using electric cars for business purposes. 
• The tax deductions available to businesses using electric cars. 
• The tax consequences of providing electric company cars to employees. 
• How the different ways you can reimburse employees for electric car business usage can have different tax consequences. 
• The pros and cons from tax perspective of using pure electric vs hybrid vehicles. 
• The different tax implications of leasing vs purchasing an electric car for your business. 

Duration

1 hour (1 non-verifiable CPD Unit)

Speaker

Emma Rawson

Emma is a technical officer with the Association of Taxation Technicians (ATT). Her focus is on business and employment taxes, and she works closely with HMRC on tax policy matters.  

Emma frequently contributes articles on topical tax issues to leading tax and accountancy publications. She has presented talks and webinars around the country, as well as appearing on BBC Radio 5Live and BBC News to discuss tax issues and providing oral evidence to committees of both the House of Lords and House of Commons.  

Emma is a member of the Association of Taxation Technicians (ATT) and Chartered Institute of Taxation (CIOT), and a Fellow of the Institute of Chartered Accountants of England and Wales (ICAEW).