drivers taking vans home at weekends

They can take a company-owned van home without incurring any tax liability. They can even stop off on the way home to buy a pint of milk, or even take a load of rubbish to the tip once or twice a year and still pay nothing extra in tax. If they use the van for any other purpose then the employer has to report the use to HMCR and the employee has their tax code adjusted accordingly.

In a worst case scenario, assuming the employer waits until the end of this tax year to report the benefit to the Revenue, the employee’s tax allowance for 2008/09 could be reduced by £7,000 – costing the employee an extra £30/week in tax.

It’s up to the employer to prove to the Revenue that a van that’s taken home at night isn’t available for the employee’s private use.

Posted under Employment, Vans

Posted by Alec at 8:33 am, August 29, 2007

Leave a Comment

Name (required)

Email (required)




Next Post: