2007 Budget : Company vans/title>      <link href="/branding/stylesheets/site.css" rel="stylesheet" type="text/css"> <META name="description" content="Morgan Waugh Haines - an innovative firm of accountants in Tewkesbury and Gloucester - professional advisers committed to helping you improve the performance and profitability of your business - tax planning, trusts and investments."> <META name="keywords" content="Morgan Waugh Haines, Tewkesbury, Gloucester, Gloucestershire, Accountants, auditors, tax advice, business advisers, financial, professionals, accountancy, forensic, litigation support, tax returns, PAYE, income tax, corporation tax, capital gains, inheritance tax, payroll, tax planning, accounts, accountants, tax advisers, audit, VAT, book-keeping, executorship, trust, management, investment, building society, Sage, computerised accounts, accounting system"> <script language="JavaScript1.2" src="/branding/javascript/mm_menu.js"></script> </head> <body bgcolor="White" 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</script> > <a href="/content/taxcentre_budget/index.html">21 March 2007 Budget Report</a> > Company vans</p> </div> <div id="sharedContentTextWrapper"> <div id="sharedContentMainBodyText"> <h1>Company vans</h1> <img src="/content/images/2007budget/comp_van.jpg" width="125" height="94" alt="" border="0" style="float:right; margin:0 10px 10px 10px;" class="hideIt" /> <p><strong>From 6 April 2007 the taxable benefit for the unrestricted use of <a href="/content/taxcentre_planning/foyj.html#company_vans">company vans</a> will be £3,000 (with no reduction for older vans) plus a further £500 of taxable benefit if fuel is provided by the employer for private travel.</strong></p> <p>The maximum tax payable on the use of a company van is £1,400 p.a., and the employer's Class1A <acronym title="National Insurance Contributions">NIC</acronym> payable is £448 p.a.</p> <table border="0" cellspacing="1" cellpadding="4" align="center" class="tablelines"> <tr> <td class="tablehead">Van and fuel charge</td> <td class="tablehead">2007/08</td> <td class="tablehead">2006/07</td> </tr> <tr> <td colspan="3" class="tablehead">Van more than four years old</td> </tr> <tr> <td class="tablebody">Tax (22% taxpayer)</td> <td class="tablebody">£770</td> <td class="tablebody">£77</td> </tr> <tr> <td class="tablebody">Tax (40% taxpayer)</td> <td class="tablebody">£1,400</td> <td class="tablebody">£140</td> </tr> <tr> <td class="tablebody">Employer’s class 1A <acronym title="National Insurance Contributions">NIC</acronym>s</td> <td class="tablebody">£448</td> <td class="tablebody">£44.80</td> </tr> <tr> <td colspan="3" class="tablehead">Van less than four years old</td> </tr> <tr> <td class="tablebody">Tax (22% taxpayer)</td> <td class="tablebody">£770</td> <td class="tablebody">£110</td> </tr> <tr> <td class="tablebody">Tax (40% taxpayer)</td> <td class="tablebody">£1,400</td> <td class="tablebody">£200</td> </tr> <tr> <td class="tablebody">Employer’s Class 1A <acronym title="National Insurance Contributions">NIC</acronym></td> <td class="tablebody">£448</td> <td class="tablebody">£64</td> </tr> </table> </div> </div> <div id="sharedContentRightColWrapper">  <div id="sharedContentNavWrapper" class="curvyCorners"> <p class="hiddenAnchor"><a name="topper"></a></p> <h3>Budget Report</h3> <ul> <li><a href="/content/taxcentre_budget07/budgeth.html" class="subnav" title="Budget highlights">Budget highlights</a></li> <li><a href="/content/taxcentre_budget07/business_tax.html" class="subnav" title="Business taxation">Business taxation</a></li> <li><a href="/content/taxcentre_budget07/business_incentives.html" class="subnav" title="Business incentives">Business incentives</a></li> <li><a href="/content/taxcentre_budget07/company_c.html" class="subnav" title="Company cars">Company cars</a></li> <li><a href="/content/taxcentre_budget07/company_vans.html" class="subnav" title="Company vans">Company vans</a></li> <li><a href="/content/taxcentre_budget07/mileage_allowances.html" class="subnav" title="Mileage allowances">Mileage allowances</a></li> <li><a href="/content/taxcentre_budget07/vat.html" class="subnav" title=""Value Added Tax>Value Added Tax</a></li> <li><a href="/content/taxcentre_budget07/income_t.html" class="subnav" title="Personal taxation">Personal taxation</a></li> <li><a href="/content/taxcentre_budget07/ni.html" class="subnav" title="National insurance contributions">National insurance contributions</a></li> <li><a href="/content/taxcentre_budget07/personal_savings.html" class="subnav" title="Personal savings">Personal savings</a></li> <li><a href="/content/taxcentre_budget07/capital_t.html" class="subnav" title="Capital taxes">Capital taxes</a></li> <li><a href="/content/taxcentre_budget07/duties.html" class="subnav" title="Excise duties">Excise duties</a></li> <li><a href="/content/taxcentre_budget07/stamp_duties.html" class="subnav" title="Stamp duties">Stamp duties</a></li> <li><a href="/content/taxcentre_budget07/other_measures.html" class="subnav" title="Other measures announced">Other measures announced</a></li> <li><a href="/content/taxcentre_budget07/tax_calendar.html" class="subnav" title="2007 Tax calendar">2007 Tax calendar</a></li> </ul> </div> </div> </div>      <br><hr align="CENTER" size="1" width="80%"> <div align="CENTER"> <span class="footer"><br> <a href="/index.html"><font class="footer">Home</font></a> | <a href="/news.html"><font class="footer">Business News</font></a> | <a href="/about/ourservices.html"><font class="footer">Our Services</font></a> | <a href="/content/forums/index.html"><font class="footer">Business Forum</font></a> | <a href="/content/padvisor/index.html"><font class="footer">Personal Adviser</font></a><br> <a href="/content/taxcentre/index.html"><font class="footer">Tax Centre</font></a> | <a href="/content/onlineservices/index.html"><font class="footer">Online Services</font></a> | <a href="/content/links/index.html"><font class="footer">Links</font></a> | <a 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