The taxable cash equivalent of company vans, and of fuel provided for cars and vans, has now been announced for 2023-24.
The cash equivalent of the benefit of a van provided to an employee (see ITEPA 2003, s. 155(1B)(b)) will increase from £3,600 to £3,960.
The cash equivalent of the benefit of fuel provided for private use in a van will increase from £688 to £757.
The notional annual value (multiplier), which is used in combination with the appropriate percentage to calculate the cash equivalent of the benefit of car fuel for private use provided to an employee with a company car, will increase from £25,300 to £27,800.
https://www.legislation.gov.uk/uksi/2022/1288/contents/made
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