earth

Search our site

What are you looking for?




Please enter a search term!

Close top drawer
Haines Watts Reading Phone icon 0118 958 4111

Where employees are provided with fuel for their own private use by their employers, the car fuel benefit charge is applied. The fuel benefit charge is determined by reference to the CO2 rating of the car, applied to a fixed amount. HMRC has confirmed that the car fuel benefit charge, fixed amount, will increase in 2020-21 to £24,500 (from £24,100).

The fuel benefit charge is not applicable when the employee pays for all their private fuel use.

The standard benefit charge for private use of a company van will increase to £3,490 (from £3,430). A company van is defined as ‘a van made available to an employee by reason of their employment’. There is an additional fuel benefit charge for a van with significant private use. The limit will increase in 2020-21 to £666 (from £655). If private use of the van is insignificant then no benefit will apply.

Want to know more? Call us on 0118 958 4111 or email reading@hwca.com

Be the first to comment

Please enter your comment!

Please enter your name!

Please enter your email!

Back to top of page