New Company Tax laws on vans.
26th Jan 2008
From April 2007, the benefit-in-kind tax charge on company vans will soar from £500 to a massive £3,500 – unless they can prove that the van is only used for business not personal use.
The scale charge for unrestricted private use will increase to £3,000 and if an employer provides fuel for unrestricted private use, an additional fuel charge of £500 will apply. With the onus on employers to provide proof of use, Plant i can provide the benefits of vehicle tracking technology to present unequivocal evidence of when, where and how a vehicle has been used.
