Great news for employees! HMRC has just announced that you won’t face any additional tax charges when your employer covers the cost of electricity for charging your company car at home, whether it’s for business or personal use.

But that’s not all – there are even more benefits without those pesky in-kind charges:

1.Free Home Charging Point: Your employer can set up a charging point right at your doorstep, and you won’t pay a dime.

2.Access to Public Charging: Get access to public charging points with charge cards provided by your employer – it’s all on them!

3. Workplace Charging: Enjoy the convenience of charging your car at work thanks to your employer’s vehicle charging points.

WIM Accountants are here to help businesses with their accounting and taxation needs.

ACCAWe are a member firm of Association of Chartered Certified Accountants

ACCAWe are a member firm of Chartered Institute of Taxation

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