Office for Low Emission Vehicles (OLEV) guidance on the tax benefits of ultra-low emission vehicles is now available, including guidance for fleets. Aimed at both business and private
Office for Low Emission Vehicles (OLEV) guidance on the tax benefits of ultra-low emission vehicles is now available, including guidance for fleets.
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.
