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WHAT do you do if you want to combine business and pleasure when picking your next van? Well, what you’re looking for is a crew van with the attraction of low company van tax. Why? So you can either carry a team of workers or the family – and most crew vans offer load areas big enough to suit most purposes! However, you should be aware of how HMRC may classify your crew van.
DRIVING a company van? what tax are you liable for and how much? Well, if the van you drive is supplied by your company and you use it for private mileage, then it’s yes in which case, HMRC expects you to pay company van tax – the Van Benefit Charge – because you are deriving a personal benefit from the supply of that van. That’s why it’s called a benefit in kind tax.
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
