Company van drivers will not be taxed on fuel reimbursements under a new law being introduced in the finance bill.
The rule affects employees who have a company van for private use but purchase fuel for business travel that is paid for by employers, as well as employers who bear class 1A National Insurance on the taxable benefit of providing both the vehicle and fuel.
It falls in line with the provisions for company car use and will take effect when this year's finance bill receives royal ascent.
The chancellor also announced the reform of car vehicle exercise duty (VED) and write-down allowances with benefits for corporate car owners.
On top of a delay until October of the expected increase of two pence per litre to fuel duty rates, other news for companies was that government will further pr...