Electric Car Benefit In Kind 2024/25. The complete guide to benefit in kind, sometimes referred to as electric company car tax, covering what a company and employee need to contribute and how it is calculated. Electric cars favourable benefit in kind rates.

For all fully electric cars on sale, the bik rate is just 2% during the 2022/23 tax year at which it will remain during 2023/24 and 2024/25 (see table below). For electric cars and other cars with an approved co2 emissions figure of 75g/km or less, answer ‘no’ to the question ‘is the car provided via an optional remuneration arrangement?’.