Prowess Journal

Prowess

SINCE 2002 · WOMEN IN BUSINESS

Electric Vehicle Tax Benefits for UK Businesses (2026/27)

For women running small businesses, switching to an electric vehicle (EV) can cut your company car tax bill, but the rules have changed sharply since 2024. For 2026-27, zero-emission cars still attract low Benefit-in-Kind (BiK) rates, yet Vehicle Excise Duty (VED) exemptions have ended and 100% first-year capital allowances have closed to new claims. This […]