O'Haras Accountancy

Vans provided to directors/employees

newsHM Revenue & Customs are increasingly asking for documentation to confirm that where a van is used by a director or employee there is no significant private use whereby the restricted private use condition is not met.

If the restricted private use condition is not met, the benefit(s) taxable on the director/employee are as shown in the tax info section in addition to which class 1A NIC would be payable by the employer.