Car benefit changes

Can you summarise what the changes to company car and van benefits are from 6 April 2012 please?  

1st April 2012

From the 6 April 2012:

  • The car fuel benefit charge multiplier will increase from £18,800 to £20,200
  • The car benefit percentages have increased by 1% for every 5g/km for cars with emissions above 100g/km- subject to the maximum of 35%
  • The special rules for QUALECs (qualifying low emissions cars, those with CO2 emissions not exceeding exactly 120g/km) will be abolished.
  • The van fuel benefit charge multiplier will be frozen at £550
  • The van benefit is frozen at £3,000

By Jo Nockels

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