Company car and van fuel benefit rate: increases for the tax year 2013-14 (News, 17 December 2012)

Article summary

Set statutory figures or multipliers are used to determine the cash equivalent of the taxable benefit of free fuel provided to employees and directors with their company cars and vans. These figures are periodically reviewed. For the tax year 2013-14 and subsequent tax years, the figure for cars will increase from its current level of £20,200 to £21,100, and the figure for vans will increase from its current level of £550 to £564, under the provisions of the Car and Van Fuel Benefit Order 2012.