Are Your Company Cars HMRC Tax Compliant?

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Often the catalyst for an HMRC audit is when they believe that vehicle mileage has been overpaid due to inaccurate reporting, overestimation or fraud. The task of HMRC is to ensure that you pay the right amount of tax – so if there is an over payment of mileage it effectively means tax-free monies have been paid to an employee. 

Company Van Tax Explained - What To Expect From HMRC

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A Company Van (Light Commercial Vehicle, LCV) is used to carry loads with a maximum weight capacity of 3500kg, not including Heavy Goods Vehicles (HGV). Company vans are available to employees and are purchased or leased by the company (drivers do not own the vans).