Company Car Tax – Telsa
Company Car Tax
All Tesla© cars are now eligible for a 0% Benefit in Kind (BiK) rate during this tax year, a 1% BiK rate in 2021-2022 and a 2% BiK rate in 2023-2025.
Petrol and diesel cars will be taxed at higher BiK rates – up to 37%.
Vehicle Excise Duty
Every Tesla© car is also exempt from Vehicle Excise Duty including the luxury car tax until 31st March 2025.
First Year Allowance
Businesses can claim a 100% year one deduction on the purchase price of Tesla cars.