Autumn Statement: Fuel and van benefit charges confirmed
25 November 2015
The van, van fuel and car fuel benefit charge numbers have been confirmed by chancellor George Osborne for the 2016-17 tax year.
The van benefit charge - that paid for employees that have private use of a vehicle - rises by £20 to £3170, so a 20% tax payer with private use of a company van will pay another £4 per year.
The figure for van fuel benefit rises by £4 to £598 from April 2016, costing LCV drivers that have their private fuel paid an extra 80p per year.
For company car drivers that have private fuel paid, the figure goes up by £100 to £22,200, which means a 40% tax payer with private fuel will be hit by an extra £40 per year, taking the tax implication of the fuel benefit to an annual £8880.