Title and introductory text
2024 No. 1349
INCOME TAX
The Van Benefit and Car and Van Fuel Benefit Order 2024
Made
16th December 2024
Laid before the House of Commons
17th December 2024
Coming into force
6th April 2025
The Treasury make the following Order in exercise of the powers conferred by section 170(1A)(c), (2), (5) and (6) of the Income Tax (Earnings and Pensions) Act 2003.
Propose a change1 Citation, commencement and application
(1) This Order may be cited as the Van Benefit and Car and Van Fuel Benefit Order 2024.
(2) This Order comes into force on 6th April 2025 and applies to the tax year 2025-26 and subsequent tax years.
Propose a change2 Amendments to the Income Tax (Earnings and Pensions) Act 2003
(1) The Income Tax (Earnings and Pensions) Act 2003 is amended as follows.
(2) In section 150(1) (car fuel: calculating the cash equivalent), for “£27,800” substitute “£28,200”.
(3) In section 155(1B)(b) (cash equivalent of the benefit of a van), for “£3,960” substitute “£4,020”.
(4) In section 161(b) (van fuel: the cash equivalent), for “£757” substitute “£769”.
Propose a change