Coman & Company – Chartered Certified Accountants - South London

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Van Benefit

The system for taxing vans has changed and the chargeable benefits increased. Use this table to determine the cost of the benefit of a van:
  Standard rate (20%)
Benefit
(tax cost)		 Higher rate (40%)
Benefit
(tax cost)
Van only - benefit £3,000 £600 £1,200
Van and fuel for private use - benefit £3,500 £700 £1,400
Employer's class 1A NICs:
Van £384
Fuel £64
Notes:
  • There is no van fuel benefit at present if the employer pays for private fuel
  • If the van is unavailable for part of the year the van benefit is reduced proportionately