The Government have this week confirmed the new fuel benefit rates for cars and vans and the standard van benefit charge for 2021/22.
It is confirmed that these will be updated by the Consumer Price Index from the 6th of April 2021. The uprate will take effect as follows:
- -Van Benefit Charge will uprate from £3,490 to £3,500.
- -Car Fuel Benefit Charge multiplier will uprate from £24,500 to £24,600.
- -Van Fuel Benefit Charge will uprate from £666 to £669
The Government will lay the statutory instrument to uprate these charges before the House on 9 March 2021. A tax information and impact note (TIIN) will be published at Budget 2021 and will be available at: www.gov.uk/government/collections/tax-information-and-impact-notes-tiins
