If you get a company car (I know vans already are deductible) it is fully deductible as 100% first year allowance and 0% BIK (going up to 1% soon). That is a no brainer. If I have 40k in my company account and I try and take that out for cash in the back pocket it is 19% corporation tax, 32.5% on the remaining amount as dividend tax.
It’s ridiculous that this is only available to company car drivers. If they switched the tax incentives to individuals rather than corporations then there would be much greater take up. Especially if they gave tax breaks on personal leases of electric cars.
