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My client is considering providing his employee(s) with an electric motorcycle for personal use and for attending client sites following the coronavirus epidemic because public transport is much less appealing in the current circumstances.
The legislation and HMRC guidance refers to VAT relief benefits in kind and mileage allowance for motorbikes and electric cars. But which category would electric motorbikes fall under and what is the best option for my client:
- a personal purchase of the bike with an employer’s mileage allowance; or
- a company motorcycle with a benefit-in-kind charge (or other alternative)?
I look forward to responses from Taxation readers.
Query 19 596 – Maxcap.
Annual investment allowance can be claimed for the cost of a motorcycle.
One of the most important things to recognise first is that a motorcycle (electric or otherwise) does not fall within the definition of car for either VAT or...
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