A new poll has suggested a £100m company van "tax raid" from the Government is set to catch more than three out of five tradespeople off guard - and could be "the straw that breaks the camel’s back".
In his Autumn Statement, Chancellor Jeremy Hunt announced basic rate taxpayers currently paying £720 as a benefit in kind to use company vans for personal journeys would pay an additional 10% or £72 a year from April 6. Meanwhile, higher rate taxpayers face a £144 extra annual charge.
Online vehicle marketplace Auto Trader surveyed its readers -and some 62% of respondents were not aware of the looming rise in van tax.
