Van benefit-in-kind (BIK) tax, commonly referred to as Company Van Tax or Van Benefit Charge, is the taxation amount applied to an employee of a company for their use or access to a vehicle for non-business purposes.
Here’s your quick guide to know when you are required to pay company van tax:
The rules are generally the same, however there are some differences to be aware of:
The rules are different for self-employed van drivers, and no BIK or van benefit charge will apply.
Please refer to the HMRC’s website for a full breakdown of the rules on company van taxation.
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