Van Benefit and Car and Van Fuel Benefit Order 2020

Monday 2nd March 2020 Written Statements

[The Financial Secretary to the Treasury (Jesse Norman)]

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]