Sticking point?
My client is about to lease a Polestar Fastback electric car through his company which will be available to him as a company car. He will need a charging point at home which he thinks will cost the company about £500 after government grants. The business has separate premises. I understand that there is no additional benefit in kind charge when the charging point is provided by the employer in conjunction with a company car benefit. However I am wondering what happens to the charging point at the end of two years if my client returns the company car.
The charge point remains the property of the company so I am thinking that the 20% charge on the use of a company asset will apply to the charging point. I would consider the company should then transfer the charge point from the...
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