_how-the-scheme-works-for-employees-the-electric-car-scheme.jpg "How the scheme works for employees - The Electric Car Scheme from national website of income tax act Video Screenshot Preview")
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⏲ Duration: 2 min 27 sec
✓ Published: 31-Oct-2023
✓ Published: 31-Oct-2023
Description:
With The Electric Car Scheme your company will lease a car of your choice, and will pay for the cost of the lease. You agree to ‘sacrifice’ some of your gross salary, covering the cost of the lease, in return for getting the car of your choice.nnInstead of leasing an electric car in the normal way, which is paid using your post-tax (or net) income, the fixed monthly payments are taken from your salary before any income tax or National Insurance is paid.nnA car through The Electric Car Scheme
With The Electric Car Scheme your company will lease a car of your choice, and will pay for the cost of the lease. You agree to ‘sacrifice’ some of your gross salary, covering the cost of the lease, in return for getting the car of your choice.nnInstead of leasing an electric car in the normal way, which is paid using your post-tax (or net) income, the fixed monthly payments are taken from your salary before any income tax or National Insurance is paid.nnA car through The Electric Car Scheme
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