Government reverses pick-up tax hike
Plans to change the taxing of pick-up trucks announced just a week ago by the Government, which would have seen double-cab models taxed as cars rather than commercial vehicles, have been scrapped.
Plans to change the taxing of pick-up trucks announced just a week ago by the Government, which would have seen double-cab models taxed as cars rather than commercial vehicles, have been scrapped.
You should be aware of how HMRC may classify your crew van. There is some confusion when it comes to the taxation of these vans and whether they’re classed as cars or commercial vehicles for benefit in kind (BIK) tax – the same kind of conundrum that can arise with double cab pick-ups and their low tax attractions .
The annual benefit in kind tax liability for company vans is a fixed rate – unlike cars, where the tax is based on a scale of CO2 emissions and the list price of the car. These measures are annual upratings that increase the van benefit charge and the car and van fuel benefit charges by the Consumer Price Index from 6 April 2023 and have been uprated annually since 2014.
Crew vans are highly popular, combining both elements of carrying crew and carrying loads. But beware the benefit in kind tax implications of crew vans. They might look like a van, but sometimes HMRC treats them as cars - with significant tax implications
THIS is a letter written by Business Vans reader Tony Hull to his local MP Jesse Norman (pictured left), who is also Minister of State for Transport. It concerns Vehicle Excise Duty for vans and the apparent inequalities of van VED for Euro 6 vans ------------ Dear Mr Norman, I am a van owner/driver and am writing about, inter alia, [...]
THE cost of your annual road tax for your van is likely to rise in April 2019. Chancellor Hammond announced in his Budget on Monday (October 29, 2018) that Vehicle Excise Duty (VED) would increase for vans by the Retail Prices Index with effect from April 01, 2019. However, the strange anomaly in the VED for vans is receiving scrutiny. Currently [...]
Vauxhall Combo 2018
The Government is to encourage electric and cleaner van take up with tax incentives, aiming for a 40% penetration of light commercial vehicles to be Ultra Low Emission Vehicles by 2030
If you get free fuel from your employer to go with your company van, then you have to pay free fuel tax. This is known as the Fuel Benefit Tax. Full details of what you have to pay for light commercial vehicle drivers
Additional reporting Glynn Williams COMMONLY known as road tax, but in actual fact its correct term is Vehicle Excise Duty. Or VED for short. These are the latest Vehicle Excise Duty rates for vans and pick-up trucks applying from April 01, 2018. Unlike cars, for which VED has been based on CO2 emissions since 2001, there is a more straightforward standard flat [...]
The company van tax payable on an electric van is less than the Van Benefit Charge on a diesel or petrol van. It is a percentage of the standard company van tax rate, offering a good tax incentive to drive a zero emission van
If you drive a pick-up truck for work, and the company provides the truck for you, then company van tax will apply - or Van Benefit Charge to use the proper terminology. So here are the current company van tax rates for double cab pick-ups trucks and single cab pick-up trucks
Company van tax is a benefit in kind tax you have to pay if you have private use of a company van. This article explains when you have to pay company van tax and how much it is, plus the tax on free fuel for your van
WHEN is a van not a van? When a Judge says it's a car. In some respects it would be preferable if that were simply the worst joke in recorded history but the fact is it could cost some companies a fair amount in backdated double-cab van tax if they had appeals hingeing on this case. Without going into too much [...]
THERE are some rather good contract hire and leasing deals available on pick-up commercial vehicles – many that rival some lesser value passenger cars – yet, surprisingly few company car drivers consider choosing a pick-up as a company vehicle. By selecting a double-cab pick-up for maximum versatility of space, both the business and the driver could make substantial savings. Simon Wroe, [...]