Van Expenses

[Slashmb]

Question for anyone who has a van and uses it for their own business.

Do you own the van yourself and charge your company the ppm figure?

Or does the company own the van so everything for the van goes through the books?

I understand there are pros and cons for either way. If the company owns the van rather than the individual then the insurance is typically 40% more per year. Also there will be a personal tax liability to have private use on there too.

If you own the van and there’s a big bill then the ppm may not cover it.

I’m looking to be spending around £10k on a van and plan to own it outright if that makes a difference.

Any help, advice, experiences would be most helpful.