TAX CALCULATORS

Van Benefit


Chargeable van benefits have increased, so please use this table to determine the relevant cost:
  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 £3,550) £710 £1,420
Employer's class 1A NICs:
Van (£3000 at 13.8%) £414
Fuel (£550 at 13.8%) £75.90

Notes:
  • There is no van fuel benefit at present if the employee pays for private fuel
  • If the van is unavailable for part of the year the van benefit is reduced proportionately
© 2018