Insights
Budget 2026 – Should I buy an electric car before April 2027?
This time last year Rachel Reeves announced an extension, as has been the case previously, of the first year allowances for electric vehicles so that 100% tax relief continues to apply. However, John Healey did not follow suit and no extension was announced, therefore first year allowances are set to end at the end of the 2026/27 tax year (31 March for corporation tax and 5 April for income tax).
November 9, 2026
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