Year in Review: Celebrating a Year of Achievements, Growth, and Giving Back. Above: Jacqueline Hardaway and Mahie Abey receiving Business of the Year at the Uckfield Business Awards. As we approach the close of an incredible year, we are excited...
As announced in the Autumn Budget 2024, the van benefit charge and the car and van fuel benefit charges are to increase from 6 April 2025, in line with the Consumer Price Index.
The van benefit charge applies where an employer provides an employee with a company van and the employee uses it for private journeys. The benefit charge will increase to £4,020 in 2025/26, from £3,960 in 2024/25. A further benefit charge of £769 will apply where fuel is also provided, up from £757 in 2024/25. No tax is payable in respect of zero-emissions vans.
The multiplier for the car fuel benefit charge will increase from £27,800 to £28,200. The applicable benefit charge is calculated using a percentage based on the car's emissions.