Can you claim EV charging costs from company
Discussion
I was looking for an answer on this after I got my Model 3, and there doesn't seem to be a clear answer online.
I was hoping that you just claim ALL electric charging costs for the car, and pay zero BIK on this as electricity is not deemed to be a fuel for tax purposes. However I cant see any reference to this approach online.
I came to the conclusion that you can only claim the business miles at 4p per mile.
I was hoping that you just claim ALL electric charging costs for the car, and pay zero BIK on this as electricity is not deemed to be a fuel for tax purposes. However I cant see any reference to this approach online.
I came to the conclusion that you can only claim the business miles at 4p per mile.
Heres Johnny said:
Thanks for the link and the sarcy comment So I can claim 4p for every mile I do ? Its not very clear .
I have my own company and as a company car, as has been said, you can only claim 4p/business mile for an EV. For long journeys, you could argue that Supercharging/other charge networks are a travel cost and therefore expense the full cost for those instead of claiming the mileage. I will probably stick to 4p/mile as it's simpler. You can also put the cost of home & work chargers through the business ad claim the OLEV grant if they are "smart". I have had an Andersen A2 installed at home as I wanted something that looked good (my 16 year old daughter said "That's cool, what is it?" when I showed a picture of one!) rather than the usual plastic carbuncles/hose reels that most charge points resemble.
FYI I have had my Model 3 P for 3 days and am liking it so far. It feels comfortable and luxurious, but not sporty, in the manner of a powerful automatic GT car. It is also pretty anonymous, which suits my business and my personality!
FYI I have had my Model 3 P for 3 days and am liking it so far. It feels comfortable and luxurious, but not sporty, in the manner of a powerful automatic GT car. It is also pretty anonymous, which suits my business and my personality!
[quote=Fastlane]I have my own company and as a company car, as has been said, you can only claim 4p/business mile for an EV.
Fastlane - is this your reading of the rules or what your accountant says ( or you may be an accountant !) ? I've read the HMRC site info and it is confusing to me ... ) in that it talks about " Fuel rates " , details the business and private element , but then says elsewhere " Electricity is not a fuel for car fuel benefit " .
Logically , if you have an ICE car and are allowed to fill up for private and business use , you are taxed accordingly based a benefit in kind and the p11d rate etc . The only difference I see with an EV is that you may be in a situation where you sell yourself electricity ....
So why can't you claim the 4p on every mile you pay for the charging - or claim the actual cost of the electricity back from the co. as you would do if you filled up a fully expensed car and paid for it yourself .
Fastlane - is this your reading of the rules or what your accountant says ( or you may be an accountant !) ? I've read the HMRC site info and it is confusing to me ... ) in that it talks about " Fuel rates " , details the business and private element , but then says elsewhere " Electricity is not a fuel for car fuel benefit " .
Logically , if you have an ICE car and are allowed to fill up for private and business use , you are taxed accordingly based a benefit in kind and the p11d rate etc . The only difference I see with an EV is that you may be in a situation where you sell yourself electricity ....
So why can't you claim the 4p on every mile you pay for the charging - or claim the actual cost of the electricity back from the co. as you would do if you filled up a fully expensed car and paid for it yourself .
geeks said:
Dave Hedgehog said:
could you have a company card to pay for the rapid chargers?
4p a mile is bad
Depends on running costs surely?4p a mile is bad
Say 14p/kwh , 90kwh = £12.60 . 200 mile = 6p/mile .
If you charge at the ones that charge 35p/KWh , 15p/ mile
( my 335d was about 15p/mile )
ds666 said:
Heres Johnny said:
Thanks for the link and the sarcy comment So I can claim 4p for every mile I do ? Its not very clear .
If you took it as sarcy then I can only assume you realise you are a lazy arse who prefers to just post questions on forums rather than learn how to do research of your own.
ds666]astlane said:
I have my own company and as a company car, as has been said, you can only claim 4p/business mile for an EV.
Fastlane - is this your reading of the rules or what your accountant says ( or you may be an accountant !) ? I've read the HMRC site info and it is confusing to me ... ) in that it talks about " Fuel rates " , details the business and private element , but then says elsewhere " Electricity is not a fuel for car fuel benefit " .
Logically , if you have an ICE car and are allowed to fill up for private and business use , you are taxed accordingly based a benefit in kind and the p11d rate etc . The only difference I see with an EV is that you may be in a situation where you sell yourself electricity ....
So why can't you claim the 4p on every mile you pay for the charging - or claim the actual cost of the electricity back from the co. as you would do if you filled up a fully expensed car and paid for it yourself .
I am not an accountant, but my accountant confirmed the 4p/business mile. In terms of your questions, I think this site may help: https://autotrip.com/hmrc-mileage-rates-electric-c... It seems if your employer pays you more than 4p/mile, then the onus is on them to prove that the electricity cost to the employee was more than 4p/mile, hence people sticking to the 4p/mile.Fastlane - is this your reading of the rules or what your accountant says ( or you may be an accountant !) ? I've read the HMRC site info and it is confusing to me ... ) in that it talks about " Fuel rates " , details the business and private element , but then says elsewhere " Electricity is not a fuel for car fuel benefit " .
Logically , if you have an ICE car and are allowed to fill up for private and business use , you are taxed accordingly based a benefit in kind and the p11d rate etc . The only difference I see with an EV is that you may be in a situation where you sell yourself electricity ....
So why can't you claim the 4p on every mile you pay for the charging - or claim the actual cost of the electricity back from the co. as you would do if you filled up a fully expensed car and paid for it yourself .
Fastlane said:
ds666]astlane said:
I have my own company and as a company car, as has been said, you can only claim 4p/business mile for an EV.
Fastlane - is this your reading of the rules or what your accountant says ( or you may be an accountant !) ? I've read the HMRC site info and it is confusing to me ... ) in that it talks about " Fuel rates " , details the business and private element , but then says elsewhere " Electricity is not a fuel for car fuel benefit " .
Logically , if you have an ICE car and are allowed to fill up for private and business use , you are taxed accordingly based a benefit in kind and the p11d rate etc . The only difference I see with an EV is that you may be in a situation where you sell yourself electricity ....
So why can't you claim the 4p on every mile you pay for the charging - or claim the actual cost of the electricity back from the co. as you would do if you filled up a fully expensed car and paid for it yourself .
I am not an accountant, but my accountant confirmed the 4p/business mile. In terms of your questions, I think this site may help: https://autotrip.com/hmrc-mileage-rates-electric-c... It seems if your employer pays you more than 4p/mile, then the onus is on them to prove that the electricity cost to the employee was more than 4p/mile, hence people sticking to the 4p/mile.Fastlane - is this your reading of the rules or what your accountant says ( or you may be an accountant !) ? I've read the HMRC site info and it is confusing to me ... ) in that it talks about " Fuel rates " , details the business and private element , but then says elsewhere " Electricity is not a fuel for car fuel benefit " .
Logically , if you have an ICE car and are allowed to fill up for private and business use , you are taxed accordingly based a benefit in kind and the p11d rate etc . The only difference I see with an EV is that you may be in a situation where you sell yourself electricity ....
So why can't you claim the 4p on every mile you pay for the charging - or claim the actual cost of the electricity back from the co. as you would do if you filled up a fully expensed car and paid for it yourself .
HMRC will accept that if employers pay up to the Advisory Electricity Rate of 4p per mile when reimbursing their employees for business travel in a fully electric company car there is no profit - there will be no taxable profit and no Class 1 National Insurance to pay.
“On a similar basis to Advisory Fuel Rates, employers can use their own rate which better reflects their circumstances if, for example, their cars are more efficient, or if the cost of business travel is higher than the guideline rate ..
Still doesn't cover the private element thou ...
I'll Google that and then keep it to myself . These forums are just a pain when you can Google everything .
ds666 said:
I'll Google that and then keep it to myself . These forums are just a pain when you can Google everything .
Ever willing to helphttps://support.google.com/websearch/answer/134479...
Heres Johnny said:
ds666 said:
I'll Google that and then keep it to myself . These forums are just a pain when you can Google everything .
Ever willing to helphttps://support.google.com/websearch/answer/134479...
ds666 said:
Heres Johnny said:
ds666 said:
I'll Google that and then keep it to myself . These forums are just a pain when you can Google everything .
Ever willing to helphttps://support.google.com/websearch/answer/134479...
https://www.gov.uk/expenses-and-benefits-electric-...
If you pay then you only get 4p for business miles
If the company pays directly (workplace chargers) you can fill your boots
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