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Van Leasing and Tax Benefits

1st March 2023

Benefit-in-Kind (BIK)

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When does BIK apply?

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Keeping records

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BIK van tax rate

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What doesn't qualify

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Reducing the BIK rate

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BIK rates and private mileage

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Electric vans and BIK rates

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National insurance and reporting obligations

Van leasing offers many tax benefits for businesses. VAT registered companies can claim back 100% of the VAT on vehicle payments and 100% of the VAT on maintenance costs. Company van drivers can also benefit from a very generous fixed Benefit-in-Kind rates for any private mileage fuel paid for by their company.

Keith Hawes
Director - Nationwide Vehicle Contracts

Guide Information

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