Tag: Rachel Reeves
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Rachel Reeves’ BIK Tax changes 2025: The UK’s Bold Move Toward Sustainable Business Practices
In April 2025, Rachel Reeves’ BIK tax changes will transform how UK businesses handle employee perks, particularly company cars. With a strong push toward electric vehicles (EVs) and hybrids, the government is offering financial incentives for greener choices. These changes will impact both employers and employees, reducing tax burdens for low-emission vehicles while increasing costs for…