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 2022 - 05 April 2023 | 20% | £700.00 (£58.33 / mth) |
40% | £1,400.00 (£116.67 / mth) |
45% | £1,575.00 (£131.25 / mth) |
06 April 2023 - 05 April 2024 | 20% | £700.00 (£58.33 / mth) |
40% | £1,400.00 (£116.67 / mth) |
45% | £1,575.00 (£131.25 / mth) |
06 April 2024 - 05 April 2025 | 20% | £700.00 (£58.33 / mth) |
40% | £1,400.00 (£116.67 / mth) |
45% | £1,575.00 (£131.25 / mth) |