Company Van Legislation

On 6th April 2007 the Inland Revenue increased taxation for company vans as the BIK (Benefit in Kind) value increased 600% from £500 to £3000 (£3500 if the company pays for private use fuel)
This has a significant impact on employers and employees. Employers will now have to give evidence for those drivers who have opted out, of using their company van for personal use.

The cost lands at your door