Company car and van benefit

The Van Benefit and Car and Van Fuel Benefit Order SI 2018/1176 increases the multiplier figure used to calculate the cash equivalent of the benefit of fuel received by an employee for private motoring in a company car to £24 100 (currently £23 400) with effect from 6 April 2019. The cash equivalent of the benefit of a van is increased to £3 430 (from £3 350) and the van fuel benefit figure is increased to £655 (from £633). The order comes into force on 31 December 2018.