Lightening the load
13 September 2012
Tax column
‘White Van Man’ could soon be enjoying a reduction in his tax bill. This article considers the new rules and how they will affect company vehicles.
In the 634 pages of the Finance Act 2004, there was little to bring a smile to the faces of employers and employees. However, the tax treatment of company vans does provide a little ‘carrot’ amidst the usual tax ‘sticks’ to encourage compliance.
Company van drivers are currently taxed in a way that penalises employees who have to take their vans home because...