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  3. Taxes, National Insurance and BIK

Taxes, National Insurance and BIK

  • How much VAT can the company reclaim?
  • Is there a minimum salary requirement to take part in the Scheme?
  • What payroll and reporting does ECS provide?
  • The Scheme Cashflow- Who pays what, when?
  • How does a salary sacrifice with an electric vehicle impact BIK, statutory payments, benefits and entitlements?
  • FAQs for HR, taxes and payroll
  • How do we account for committed lease payments on the company balance sheet?
  • What is Benefit in Kind (BIK) tax for electric cars?
  • Are we liable for output VAT in connection with the supply of a salary sacrifice company car?
  • Can we payroll employee taxable benefits? Do I need to do anything in relation to BIK if we payroll benefits?
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The Electric Car Scheme is the trading style of The Electric Car Scheme Limited (company number 12646157, ICO number ZB030706, VAT number 439430195), The Electric Car Scheme Holdings Limited (company number 13295877, ICO number ZB252629) and ECS M/G Ltd (company number 13292245).Head office & registered address: The Shipping Building, 254 Blyth Road, UB3 1HA. The Electric Car Scheme Limited provides services for the administration of salary sacrifice employee benefits. The Electric Car Scheme Holdings Limited is a member of the BVRLA (10608), is authorised and regulated by the FCA under FRN 968270, is an Appointed Representative of Marshall Management Services Ltd under FRN 667174, and is a credit broker and not a lender or insurance provider.
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