Employees & directors pay a tax charge if they have private use of a van (other than for home-to-work travel). Unlike company car tax, the benefit charge for commercial vehicles is the same regardless of vehicle.
Tax year | Tax rate | Tax due |
06 April 2023 - 05 April 2024 | 20% | £792.00 (£66.00 / mth) |
40% | £1,584.00 (£132.00 / mth) |
45% | £1,782.00 (£148.50 / mth) |
06 April 2024 - 05 April 2025 | 20% | £792.00 (£66.00 / mth) |
40% | £1,584.00 (£132.00 / mth) |
45% | £1,782.00 (£148.50 / mth) |
06 April 2025 - 05 April 2026 | 20% | £792.00 (£66.00 / mth) |
40% | £1,584.00 (£132.00 / mth) |
45% | £1,782.00 (£148.50 / mth) |