MD Consulting :: Resource Centre

TAX CALCULATORS

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 £3,500)	£700	£1,400
Employer's class 1A NICs:
Van	£384
Fuel	£64

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