While traditional gasoline-powered vehicles have long been the norm, there is an increasingly popular alternative that has taken the world by storm in recent years- electric cars. From being environmentally friendly to reducing dependence on traditional oil sources, there is no denying the numerous benefits of electric cars. This shift towards sustainable transportation is particularly…
Electric cars are becoming increasingly popular among individuals and businesses who are looking for ways to reduce their carbon footprint and save on fuel costs. Limited companies can also benefit from purchasing electric cars, as there are several tax incentives available to them. In this blog, we will explore the different tax benefits that limited…
If you’re considering purchasing an electric car in Ireland, there’s good news! The Irish government offers a benefit in kind (BIK) program that provides incentives for electric vehicle (EV) owners to reduce their tax obligations. With more and more people interested in cutting down on harmful emissions and saving on fuel costs, electric cars are…
Electric cars have gained significant popularity in recent years due to their eco-friendliness, low operating costs, and tax incentives. Among these incentives are benefits provided by HM Revenue and Customs (HMRC) in the UK. But what exactly are these benefits, and how can they make your transition to an electric vehicle (EV) more affordable? In…
Electric cars are gaining popularity as people begin to gravitate towards eco-friendly and cost-effective vehicles. If you’re considering making the switch, you might be wondering whether it’s worth it in terms of taxes and benefits. One thing to consider is the benefit in kind (BIK) tax – this is the tax you pay on perks…
If you’re considering purchasing an electric car, it’s important to understand the financial implications that may come along with it. One aspect that many electric car owners may not be aware of is the Benefit in Kind (BIK) tax. BIK tax is a tax on personal use of a company vehicle, and for electric cars,…
Driving an electric car is becoming a more popular option for many people as we all aim to reduce our carbon footprint. It’s not only environmentally friendly, but it can also be cost-effective thanks to the Electric Car Tax Exemption in Ireland. For those of you who might be unaware, this tax exemption refers to…
Thinking of going electric with your car? One of the perks that come with owning an electric vehicle is the possibility of qualifying for tax exemptions. Yes, you read that right! Governments in several countries offer tax credits, rebates, and exemptions to incentivize the purchase and ownership of electric vehicles – and in this blog…
Electric cars are the future of driving, and Ireland is taking significant steps to promote their use. These vehicles are not only better for the environment, but they also come with significant benefits for businesses and their employees. One of the most attractive incentives for electric car drivers is a “Benefit in Kind” (BIK) tax…
Electric cars are becoming increasingly popular amongst eco-conscious drivers. Not only do they offer a more sustainable mode of transport, but they also come with a range of benefits, including lower running costs and reduced emissions. However, for those considering an electric car, navigating the tax landscape can be a daunting prospect. One key aspect…