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If you have private use of your van, then the rate of company van tax is rising from April 2014

VAN drivers with company provided vans – expect to pay more in company van tax from April.

The company van tax benefit-in-kind charge is rising from £3000 in 2013/14 to £3090 in 2014/15, the Chancellor announced in his Budget today (19 March).

Nissan Navara double cab
Popular double cab pick ups – such as this Nissan Navara – are also hit by the rise in company van tax

That means if you pay tax at 20% your yearly charge for full use of the van is £618 a year – or £51.50 a month.

If you also get free fuel for your company van, then the van fuel benefit has also increased. From 6 April, 2014, the van fuel benefit charge multiplier will increase from £564 to £581.

So if you pay tax at 20% your additional bill for free fuel will be £9.68 a month.

Company van tax only arises if you have private use of the van. Commuting to and from work is not considered private use of a company van.

The changes also affect double cabs – both for trades people who run around in them and those company car drivers who want to dodge the higher rates of company car tax.


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