Measure
The government announced that it will maintain the van benefit charge as well as the car and van fuel benefit charges at the current level for 2024/25.
The amounts that applied in 2022/23 had been increased by CPI for the 2023/24 tax year.
Employers who provide company cars and/or company vans, and employees who are provided with these vehicles.
This applies for 2024/25.
We welcome keeping these charges at the 2023/24 levels. This ensures that no further income tax will be paid by employees on these benefits in 2024/25 and employers will not pay additional Class 1A NIC.