Van Benefit for 2008/09 - new basis of charging
To find out what the cost of the benefit of a van please refer to this table:
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
£1400
Employer's class 1A
NIC
s:
Van
£384
Fuel
£64
Please note:
That 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.
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