Joined
·
449 Posts
Ok so it wont be as great financially next year when Benefit in Kind for zero emission cars will go up from 0 to 5%, but currently the incentives for a pure electric car through the company are great! Zero cost in fact other than the electricity!
I have hit one stumbling block though which is around business mileage reclaim. With an ICE as company car you can claim mileage at following rates:-
Company cars: advisory fuel rates
The rates below apply from 1 March 2014.
Engine size PetrolLPG
1400cc or smaller14p9p
1401cc to 2000cc16p11p
Bigger than 2000cc24p16p
Engine size Diesel
1600cc or smaller12p
1601cc to 2000cc14p
Bigger than 2000cc17p
However there is no mention of cars run on pure electricity although there is a mention for hybrid vehicles where the rate against the engine/fuel applies to all hybrid miles.
So next year I was thinking of getting a range extender (PHEV) as company car because:-
1) i'm going to have to pay 5% BIK on the Leaf and PHEV is the same at 5%
2) I can then claim business mileage at 14p for a i3-REX or Ampera up to 17p for the Volvo
Anyone else with Company car had similar thoughts?
Can I claim the entire electricity cost associated with charging?
I have hit one stumbling block though which is around business mileage reclaim. With an ICE as company car you can claim mileage at following rates:-
Company cars: advisory fuel rates
The rates below apply from 1 March 2014.
Engine size PetrolLPG
1400cc or smaller14p9p
1401cc to 2000cc16p11p
Bigger than 2000cc24p16p
Engine size Diesel
1600cc or smaller12p
1601cc to 2000cc14p
Bigger than 2000cc17p
However there is no mention of cars run on pure electricity although there is a mention for hybrid vehicles where the rate against the engine/fuel applies to all hybrid miles.
So next year I was thinking of getting a range extender (PHEV) as company car because:-
1) i'm going to have to pay 5% BIK on the Leaf and PHEV is the same at 5%
2) I can then claim business mileage at 14p for a i3-REX or Ampera up to 17p for the Volvo
Anyone else with Company car had similar thoughts?
Can I claim the entire electricity cost associated with charging?