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New fuel benefit and van benefit charges announced for 2014/15

The changes will see the van benefit charge increase from £3,000 for 2013/14 to £3,090 for 2014/15.

In addition, the van fuel benefit charge will rise from £564 for the current tax year to £581.

Meanwhile, company car fuel benefit charges will increase from £21,100 for 2013/14 to £21,700 for 2014/15, making free private fuel even less worthwhile for fleet drivers.

Commenting on the changes to the company car fuel benefit charge, Jeff Whitcombe of BCF Wessex Consultants Limited, pointed out that not only is there an increase of £600 in line with RPI and as announced in the 2013 Budget but also the appropriate BiK percentage for most cars will increase by 1% in April 2014 and fuel prices are at their lowest level since 2011.

He added: 'Essentially with tax rising and fuel prices falling, there’s a double whammy for drivers that should make them question the benefit of free fuel.'

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Written by Natalie Middleton

Natalie has worked as a fleet journalist for over 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day.

Natalie edits all the Fleet World websites and newsletters, and loves to hear about any latest industry news.

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