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Van Benefits

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2007/08
From 6 April 2007 the taxable benefit for private use of a company van that is more than home to work travel is £3000. There is no longer any reduction for older vans.

The taxable benefit for fuel provided for private use is £500.

2006/07
There is no taxable benefit where employees have to take their company vans home and are not allowed any other private use. Otherwise, the taxable benefit for the private use of a company van and fuel, if supplied, is £500 or £350 for vans less or more than four years old.

 

 

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