Company Van
Van information entered on this screen will be available for HMRC returns.
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Prerequisite
- No prerequisites
Rules and Guidelines
- For Tax Year 2017 to 2018, the Van Benefit Charge (VBC) rate for zero emission vehicles (e.g. electric vans) remains at 20%.
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The Van Benefit charge will increase to £3,230 from £3,170 and the Van Fuel Benefit charge will increase to £610 from £598 from 6 April 2017 .
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The charge does not apply if the private use of the van is only ordinary commuting or is otherwise incidental.
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If you wish to apply Benefits in Kind (BIK) at Source through the Payroll, then before entering any data:
- You must ensure that you have registered with HMRC;
- The employees have the relevant BIK payment code added; and
- The employee/payroll is not in a state of pay.
- A warning message will be displayed when the user enters or changes the details on this screen. When an entry has been made and there is no Pay Code present or the employee is in a state of pay, an error message will then be displayed.
- Once an employee is set to a 'Leaver' status, a warning message will be displayed if they have an open BIK record or has any BIK entered with an open "To" or "End date" field.
- Where the"End date" of the BIK is greater than the employee's Leaving date, a warning message will be displayed once the payroll is recalculated on the Diagnostics report.
Field Information
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This is the P11 codes used for Company Vans. This must always be 'G001'.
The order in which the employee has had Company van/s throughout the current tax year. The number should follow in sequence, e.g. 1, 2, 3 etc.
The date the employee is in receipt of full use of the Company Van.
If the employee has left and the Van was handed back, then the end date must be entered.
Record the number of employees that share this Van (if any).
If the employee receives a payment for the Additional Users, record it here.
Tick this option if fuel is supplied for the Van.
If the employee receives a payment for fuel, record it here.
Select from the list provided the valid deduction code used to record employee contributions towards the Van.
Identify whether or not the BIK is to be applied at Source.