Car and Van Fuel Benefit Order 2010 comes into force
Implementation date: 1 April 2010
The Order increases the multiplier used to calculate the cash equivalent of the benefit of car fuel received by an employee, from £16,900 to £18,000, and the figure used to calculate the cash equivalent of the benefit of van fuel received by an employee, from £500 to £550. The cash equivalent is treated as earnings under the Income Tax (Earnings and Pensions) Act 2003 and is subject to tax and national insurance contributions. The Order can be viewed on the OPSI website.