• 
• 
• 
• 

The Company Van

Money Wise spring 2007

Company vans, especially some of the more luxurious pick ups, have become a tax-efficient alternative to the company car for some employees. From 6 April 2007 the situation will change. The taxable value of a van under four years old will rise from £500 to £3,000 where there is private use, other than home to work travel. In addition, there will be a new flat £500 taxable benefit if ‘free fuel’ is provided (again, other than for home to work journeys).