Tax 'crippling' white van man
Tax ‘crippling’ white van man
0 Comments | Daily Post; Liverpool (UK), Jul 26, 2010 | by Anonymous
TAX increases are hitting van drivers and businesses hard in the pocket a North Wales accountancy firm has warned.
The amount of tax paid by drivers of company vans has quadrupled in just two years, according to statistics obtained by Wrexham firm UHY Hacker Young.
HM Revenue & Customs clawed pounds 40m in tax from drivers of company vans as part of its crackdown on job perks, compared to just pounds 10m in 2006/07.
According to the firm, the huge tax rise collected from van drivers follows changes to the rules on job perks introduced in April 2007 designed to increase the tax on the personal use of company vans
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