Treasury

Van Benefit and Car and Van Fuel Benefit Order 2020

1. 

   The Financial Secretary to the Treasury (Jesse Norman)

   ConservativeHereford and South Herefordshire
   The van benefit charge and fuel benefit charges for cars and vans will be uprated by the consumer prices index from 6 April 2020. The uprate will take effect as follows:

   Van benefit charge will uprate from £3,430 to £3,490.

   Car fuel benefit charge multiplier will uprate from £24,100 to £24,500.

   Van fuel benefit charge will uprate from £655 to £666.

   This measure is being announced outside of the normal fiscal process to ensure employers and HMRC are given enough time to prepare for the uprate, ahead of the 2020-21 tax year.

   The Government will lay the statutory instrument to uprate these charges before the House today. A tax information and impact note (TIIN) will be published at: www.gov.uk/government/collections/tax-information- and-impact-notes-tiins.

   [HCWS137]