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Tax on a used van and fuel card
col81
Posts: 338 Forumite
I am looking at a job on £29k with a 3 year old van as a company vehicle and also for private use and a fuel card which includes private use. What is the income tax for a van like this a small panel van it isnt new it is used?
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Comments
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Better off asking:
https://forums.moneysavingexpert.com/categories/cutting-tax
As this section is about DWP benefits.Mortgage started 2020, aiming to clear 31/12/2029.0 -
https://www.fleetnews.co.uk/fleet-faq/is-bik-payable-on-a-company-van-/65/
The amount of company van tax you’ll pay is simply your personal rate of tax times that fixed BIK value. So for a 20 per cent taxpayer it’s 20% times £3,430, which gives an annual figure of £686
https://www.autoexpress.co.uk/vans/106739/company-van-tax-understanding-the-rulesCompany van drivers also benefit from a very generous fixed Benefit-in-Kind rate for any private mileage fuel paid for by their company. This is set at £655, and again you simply multiply it by your tax rate to find the amount due to HMRC.
For 20 per cent taxpayers, that’s 20% times £598, which gives an annual figure of £131 – or around £11 a month.
https://www.commercialfleet.org/tools/van/van-tax-calculator
https://www.whatcar.com/advice/owning/what-tax-do-i-have-to-pay-on-a-van/n20238Alice Holt Forest situated some 4 miles south of Farnham forms the most northerly gateway to the South Downs National Park.0
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