Company Van Today - Issue 8 - Winter 2018

Van speed limits vary depending on the vehicle’s weight, and even where you drive it. Car-derived vans, or dual-purpose vehicles such as pick-up trucks, are subject to the same limits as standard cars. TYPE OF VEHICLE Built-up areas Single carriageways Dual carriageways Motorways Vans weighing up to 2 tonnes 30mph 60mph 70mph 70mph Vans weighing 2-7.5 tonnes 30mph 50mph 60mph 70mph Vans weighing over 7.5 tonnes 30mph 50mph 60mph 60mph* Vans weighing over 7.5 tonnes 30mph 40mph 50mph 60mph (Scotland) *Since 2001, vansweighing over 7.5 tonnesmust be fittedwith a speed limiter to restrict themto56mph Figuratively speaking All the key Company Van numbers at your fingertips SPEED LIMITS VAN VEHICLE EXCISE DUTY RATES 2018/19 VANS REGISTERED SINCE 1 MARCH 2001 Flat rate £250 (12 months)/ £137.50 (6 months) WITH THE EXCEPTION OF: FUEL REGISTRATION EURO TAX RATE TYPE DATE STANDARD 2016 2017 DIESEL, PETROL, 1/3/2003 EURO 4 £140 LPG, CNG 31/12/2006 DIESEL, PETROL, 1/1/2009 EURO 5 £140 LPG, CNG 31/12/2010 ELECTRIC N/A N/A £0 EXEMPT What does it all mean? Euro pallet A Euro pallet is a wooden pallet that is used for storage and transportation of goods. ey are set at a standard size and so are often used as a method of describing the size of a van’s loading bay. Euro pallets measure 1,200mm x 800mm (31.50in x 47.24in). What does it all mean? Business/private journeys Van users are not liable to Benefit-in-Kind taxation if the vehicle is for business use only, or if it is a pool van that is not linked to one employee. Business journeys are classified as ones that are made as part of a working day (a technician travelling between jobs) or a trip to a ‘temporary workplace’. Insignificant private journeys are allowed – going off route to pick up some lunch is allowed for example, as is taking the van home if you need to get up early for a one-off job. If it is used for regular commuting then it will be liable for BIK. What does it all mean? ULEV grant Since 2011, the Government has offered a contribution to those considering buying an electric car or van. In short, if you buy a van that emits less than 75g/km of CO 2 and can travel 10 miles without emitting any CO 2 at all, then it is eligible for a 20% contribution, up to £8000. is includes all electric vans, and the plug-in hybrid Mitsubishi Outlander Commercial, but check grants for the latest list. FUEL PRICES DIESEL PETROL January 2019 119.9p (-11.0p on October) 129.0p (-6.1p on October) SOURCE: Note – some car-derived vans, or even combis, are not classed as LCVs in the government’s eyes. Check the V5C document for the European classification. N1 and N2 means it is a van, while M1 or M2 means it is taxed as a car. KNOWLEDGE COMPANY VAN TODAY.CO.UK 23