As part of the Autumn Budget 2021, the following has been announced:
Who is affected?
Employers and employees: where employers provide employees with company vans available for private use, or provide fuel for private mileage in company cars and vans.
Approximately 150,000 individuals are likely to be affected by the increase in the car and van fuel benefit charge. Approximately 100,000 individuals are likely to be affected by the increase in the van benefit charge.
What is changing?
The measure increases the van benefit charge and the car and van fuel benefit charges by the Consumer Price Index from 6 April 2022.
- The flat-rate van benefit charge will increase to £3,600.
- The multiplier for the car fuel benefit will increase to £25,300.
- The flat-rate van fuel benefit charge will increase to £688.