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  • Finance Act 2026 s.29 inserts CAA 2001 ss.45U and 45V to create a brand new 40% first-year allowance on main-rate plant and machinery (including vans).

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Instantly produce a full year-by-year depreciation schedule displaying annual cost, accrued depreciation, web e-book worth and estimated HMRC tax saving the place relevant. Enter your van’s purchase worth, estimated residual worth, ownership period and van type. Applies on high of the van benefit charge if gasoline is provided. This is way less complicated — and often decrease — than the advanced emissions-based Benefit-in-Kind charge applied to company automobiles. Three tabs — accounting depreciation schedule, decreasing stability real-world value, and HMRC capital allowance projection for business vans. When mixed with zero van profit charge and decrease operating prices, electric vans represent a compelling choice for UK businesses in 2026.

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