Tesla Car Benefit In Kind. They state that any 'equity' left can be used towards a new tesla car or you can buy the car outright. With zero emissions, all Tesla cars are exempt from Vehicle Excise Duty.
I understand there is some form of 'benefit in kind' relief from April this year onwards? Find out more about electric vehicle tax savings. But what if they are actually too good, and everyone ends up driving Teslas?
Electric cars can be powered naturally with renewable resources like solar, wind, and water power.
BIK or Benefit In Kind on electric cars means company car drivers can save thousands.
You must compare it to the status quo. Not only do Tesla luxury car models feature advancements in engineering they are outfitted as well with a stylish design and high end amenities. What do they mean by equity? (We have a family business VAT registered with a decent tax bill).