ARTICLE · 21 DECEMBER 2011

Company Vans Being Monitored By HMRC...

Dains LLP

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Dains are warning that HMRC is increasing its monitoring of the use of company vans amid concerns that insufficient tax and NI contributions are being collected.

United KingdomTax

Andy McQuillan

Dains are warning that HMRC is increasing its monitoring of the use of company vans amid concerns that insufficient tax and NI contributions are being collected.

When a company van is used for private journeys, it creates a benefit in kind charge of £3,000 per annum. However, HMRC is concerned that the rules regarding vans are not as strict as those for cars, particularly as private use of vans can be considered 'insignificant' and therefore tax-free.

Andy McQuillan, Tax Partner at Dains said: "The legislation states that there is a nil benefit in kind charge if the employer prohibits private use other than for the purposes of commuting or if the use of the van is truly 'insignificant'.

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