Salary sacrifice of electric cars - paper available

18 May 2022      Julia Ascott, Employment Taxes Specialist

BUFDG are thrilled to publish this guidance paper on considerations when providing an electric company car as a voluntary benefit using salary sacrifice, produced by Mazars.

At the end of 2021, this discussion post was raised questioning whether any universities were exploring a green car salary sacrifice scheme. Clearly, the driving factor is the reduction of emissions, but we also know it comes with added advantages, including the provision of a valued benefit and reduction of employer NIC for the university (with the latter savings even greater since the Health & Social Care Levy was introduced in April 2022).

BUFDG commissioned Mazars to provide this report into the tax and NIC savings available for electric company cars via salary sacrifice arrangements.  Furthermore, Mazars have also provided information on how universities can decide on the scheme they would like to offer and questions to ask when interviewing potential scheme providers.

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