UK Tax of Company Fuel Card

Joined
May 22, 2022
Messages
1
Reaction score
0
Country
United Kingdom
If company fuel card is provided (For business and personal use) along with car allowance (employees own car) - what would be the correct approach to calculate tax liability / BIK?
 

Truemanbrown

VIP Member
Joined
Sep 1, 2011
Messages
127
Reaction score
6
Use of a fuel card for business purposes is not classed as a taxable benefit and you won’t have to pay tax on a fuel card unless it is used to cover the cost of the fuel for personal travel. Under these circumstance the company is liable to tax charges and the business must pay users’ National Insurance contributions on the value of the fuel being used for personal use.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

Forum statistics

Threads
11,647
Messages
27,603
Members
21,428
Latest member
dataanalyticsinsingapore

Latest Threads

Top