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SECURE TAX SAVINGS IN YOUR STEP TOWARDS NET ZERO



The UK Government has committed to reducing the UK’s greenhouse gas emissions by at least 100% by 2050, compared to 1990 levels.


Many business owners are unaware that you finance an electric vehicle as a business vehicle. Switching to an electric car can also bring significant tax benefits for businesses.


The government has announced the tax rate for the next three years, helping businesses to plan ahead. The electric car tax on the benefit in kind rate will increase to 1% in 2021/2022 and 2% in 2022/2023. This is a huge saving considering that your typical diesel vehicle has tax liabilities of 29%.


If you are interested in EV vehicles or would like to discuss how your business could benefit from this opportunity then please contact one of our experienced Account Managers on 01908 429888 or email us at info@approved-finance.co.uk.


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