Personal Finance: Van Drivers Facing Higher Tax Bills As New Tax Rules Come Into Operation

Summary


The tax rules for employees who have private use of company vans is set to change - and it could be bad news for some.

From April 6 next year the taxable benefit will be cut from pounds 500 a year to nil in many cases, says David Jewkes, of West Midland accountants BDO Stoy Hayward.

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Extract


Personal Finance: Van Drivers Facing Higher Tax Bills As New Tax Rules Come Into Operation

But he went on to warn that some van drivers will face much higher tax bills as a result o...

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