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Written question asked by Richard Holden (Conservative) on Tuesday, 7 July 2026, in the House of Commons. It was due for an answer on Monday, 13 July 2026 (named day). It was answered by Dan Tomlinson (Labour) on Monday, 13 July 2026 on behalf of the Treasury.


Electric Vehicles: Car Allowances

Question

To ask the Chancellor of the Exchequer, if she will make it her policy to assess the fairness of calculating company car benefit-in-kind tax on used electric vehicles using the vehicle's original P11D list price rather than its current market value, in the context of significant depreciation in used electric vehicle values.

Answer

The Government considers P11D list prices the fairest and most practical way to calculate benefit-in-kind liabilities for company cars and has no plans to move away from this approach. However, the Government will keep the second-hand EV market under review and continue to monitor developments closely.


Secondary information

Type
Written question
Reference
16597
Session
2026-27
Subjects
Employment Electric vehicles Low incomes Car allowances
Link
View this Written question on www.parliament.uk