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Calculators Van
Benefit Calculator
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Chargeable van benefits have increased, so please use this table to determine the relevant cost: |
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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 |
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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
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