A £100m company van "tax raid" from the Government is set to catch more than three out of five tradespeople off guard, a new poll has suggested.
In a plan announced in Chancellor Jeremy Hunt's Autumn Statement, basic rate taxpayers currently paying £720 as a benefit in kind to use company vans for personal journeys will pay an additional 10% or £72 a year from April 6 next year. Higher rate taxpayers face a £144 extra annual charge.
And in a survey by online vehicle marketplace Auto Trader, some 62% of respondents said they were unaware of the looming rise in van tax.
