The Truth About Electric Cars and Tax Savings for UK Directors (2025 Update)

Thinking of buying an electric vehicle through your limited company to save tax? In this video, we break down the real tax benefits, and hidden costs, of EVs for UK business owners in the current tax year 2025/26. From first year allowances to Benefit in Kind rates, vehicle excise duty, VAT, and whether to buy or lease, we’ll cover everything you need to know before making the switch. 🎯 What You'll Learn: First year allowances vs second-hand EV tax relief How Benefit in Kind (BIK) really works for EVs in 2025–28 The latest rules on Vehicle Excise Duty (road tax) Running costs: charging at work, home, or on the road VAT rules on EV purchases and leases Should you buy or lease your EV through your company? ⏱️ Chapters: 00:21 – First-year allowances vs second-hand relief 01:20 – Benefit in Kind explained (2025–2028 rates) 02:40 – Vehicle Excise Duty changes from April 2025 03:11 – Charging costs: home, office & public points 04:01 – VAT rules on EVs and leasing 05:15 – Buy vs lease: tax differences explained 💡 Like, share, and subscribe for more accounting and business growth insights! Your Finance Team is a trusted accounting firm helping UK limited company directors with outsourced finance, tax planning, and business advice. 🔗 Book a Consultation: https://calendly.com/yourfinanceteam-... 📍 Follow us on Social Media: LinkedIn: your-finance-team Instagram: @yourfinanceteamuk Facebook: @YourFinanceTeam #ElectricVehicles #UKTax #BusinessOwner #LimitedCompany #TaxTips ⚠️ Disclaimer: This content is for general information only. It does not constitute personalised financial, tax or legal advice. For tailored advice, please speak to a qualified professional or contact Your Finance Team.