The benefit-in-kind rate for EVs has risen from 2% to 3% and will continue to rise to 9% in 2029. This rate is flat for all EVs regardless of their cost. EVs are still cheaper to tax despite these changes.

EVs will start paying road tax of £10 from year two onwards. Important points:

• No showroom tax on EVs

• They will be subject to luxury car tax of £425 (still pretty cheap if you ask me)

We've analyzed the rates for luxury and non-luxury electric cars compared to petrol and diesel - EVs are still much cheaper to tax despite these changes.

National Insurance contributions are rising from 13.8% to 15%. The threshold at which employers start making National Insurance contributions could be lowered from £9,100 to £5,000.

Implementing something like the electric car scheme is a great way to reduce your National Insurance contributions. You could be putting thousands of pounds back into your business.