Fuel prices
Fuel duty was frozen again.
Business mileage payments
HMRC sets an approved mileage allowance payment (AMAP) rate. This is the rate at which employers may reimburse business mileage tax-free.
The AMAP rate will remain at 45p for the first 10,000 miles per annum and 25p per mile for any excess.
Company Cars
Car benefit
The van benefit in kind charge will increased from £3,170 to £3,230 for 2017-8. The van benefit for zero emission vans will be 20% of the charge for conventionally fuelled vans for 2017-8. This will increase to 40% for 2018-9, 60% in 2019-20, 80% in 2010-1 and 90% 9on 2021-2. From 2022-3, the charge will be the same at that for conventionally fuelled vans.
Fuel benefit
The base figure for calculating the benefit where private fuel is provided alongside a company car will increase to £22,600 (from £22,200) with effect from 6 April 2017.
The van fuel benefit charge multiplier will be £610 (increased from £598) for 2017-8.