Employers have been reassured that they do not need to report the value of electricity provided for the workplace charging of employees’ vehicles from 6 April 2018.
An exemption for the benefit of electricity provided by an employer at the workplace to charge electric or plug-in hybrid vehicles (not company cars or vans) was announced in the Budget. It supports the government’s initiatives on air quality improvements by encouraging the use of less-polluting cars by the public.
The necessary legislation will be included in the Finance Bill later this year, but its effect will be made retrospective to 6 April 2018. Guidance from HMRC is expected shortly.
