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Vehicle Benefit Calculator |
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Van Benefit
| Chargeable van benefits have increased for 2011/12, 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 |
£414 |
| Fuel |
£76 |
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Notes:
- There is no van fuel benefit at present if the employer pays for private fuel
- If the van is unavailable for part of the year the van benefit is reduced proportionately
- There is no van benefit where the van is incapable of producing CO2 emmisions in use.
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