Company Vans

Benefit in kind for company vans - avoid the new charges!

From 6 April 2007, the benefit-in-kind for employer-provided vans will increase from £500 per year (or £350 for old vans) to £3,000 per year, with no reduction for old vans.

There will also be an additional benefit-in-kind of £500 where private fuel is provided together with the employer-provided van.

So, from 6 April 2007, it becomes increasingly important that the specific conditions that exempt both the van and the fuel from the benefit-in-kind rules are met.

Let us help you avoid these charges, contact Sarah Nickols in Coventry on 024 7655 4310 or Jan Hornby in Solihull on 0121 711 2468.