Government outlines tax benefits of ULEVs for fleets
Office for Low Emission Vehicles (OLEV) guidance on the tax benefits of ultra-low emission vehicles is now available, including guidance for fleets.
The guidance includes the 5% VAT rate on electricity used to charge plug-in vehicles at home.
Aimed at both business and private drivers, the summary sheet sets out the tax treatment of vehicles of 75g/km of CO2 and the benefits to drivers.
Business driver areas covered include Company Car Tax and taxation of vehicles on salary sacrifice schemes as well as Enhanced Capital Allowances.
The document also covers benefits relating to all ULEV users, including through lower VED rates and the 5% VAT rate on electricity used to charge plug-in vehicles at home compared to 20% VAT on fuels.
Natalie Middleton
Natalie has worked as a fleet journalist for over 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. Natalie edits all the Fleet World websites and newsletters, and loves to hear about any latest industry news - or gossip.
