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TAX CALCULATORS

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Chargeable van benefits have increased, so please use this table to determine the relevant cost:   Standard rate (20%) Benefit (tax cost) Higher rate (40%) Benefit (tax cost) Van only (benefit £3,000) £600 £1,200 Van and fuel for private use (benefit £3,500) £700 £1,400 Employer's class 1A NICs: Van £384 Fuel £64 Notes: There is no van fuel benefit at present if the employer pays for private fuel If the van is unavailable for part of the year the van benefit is reduced proportionately