Fuel Benefit Checker
Find out if free fuel is worthwhile Employees will be taxed if their employer provides any free fuel. This could be as a result of using a company fuelcard and
Find out if free fuel is worthwhile Employees will be taxed if their employer provides any free fuel. This could be as a result of using a company fuelcard and
Car fuel benefit tax is payable if your company provides you with all the fuel for your company car. We explain what the tax is; and how to avoid it
THE level of benefit in kind car tax you pay for receiving free fuel for your company car rises again for the 2017/18 tax year. For the tax year 2017/18
THERE are new VAT fuel scale charges that you should be using from May accounting periods onwards. The VAT fuel scale charges If you supply free fuel to company car
COMPANY car drivers who receive ‘free’ fuel will pay more for the perk, the Chancellor announced in his 2016 March Budget. The Chancellor confirmed in the Budget his Autumn Statement
Whether you drive a company car, or use your own car on business, you’ll need to reclaim, or account for your business mileage. What do you need to know?
‘FREE FUEL’ sounds like a good perk for employees but both they and their companies would almost certainly be better off if the perceived benefit was removed. That was the
THE Chancellor announced in his Budget that the Fuel Scale Charge for 2014/15 would increase by the rate of inflation (RPI scale) for September 2013. The Fuel Scale Charge itself
Don’t be a free fuel fool
Free fuel with your job sounds like a great perk, but you need to do your sums to make sure you don’t lose
For the majority of business car drivers, receiving ‘free’ fuel as part of their employment package is a bad deal. The Energy Saving Trust’s Nigel Underdown explains.
The financial implications of providing free fuel for staff MOST of my company car drivers receive free private fuel. It seems very unfair to encourage them to give up this
IF YOU are supplied with free fuel for your company car, or as a director of a small business or SME you receive free fuel for your business car,
Tax rates If you have free fuel for your company car, the amount chargeable to income tax (for the driver) and Class 1A national insurance contributions (for the employer) is
Free fuel: costly benefit WHEN a business pays for all the fuel used by one of its company car drivers, including private mileage, it is often called ‘free’ fuel. The
VAT is payable on fuel provided for private use Some businesses pay for the fuel used by company car drivers during private mileage. When this happens, the company has to
EMPLOYER-provided free fuel for your van or pick-up is going up from April.
CITROEN is offering SME van operators free fuel for a year if they buy a Citroen van.
The Pre Budget Report has pushed up the taxes on business car motoring.
From next April the taxable benefit for receiving ‘free fuel’ goes up.
The tax arises when a business
The taxable cost of receiving free fuel is rising.
From the 2008/09 tax year the set figure used to calculate the taxable benefit rises from L14,400 to L16,900
If you put free fuel in your company-provided business car, the cost of doing so rises this month (tax year 2008/09).
The Chancellor has raised the free fuel benefit multiplier from
Business Motoring is the motoring resource for small businesses and SME small fleets running company cars and business cars. We can help with questions about car leasing, company car tax, business mileage, writing down and leasing allowances, and all the other detail you need to know about running a car on the business. As well as this, we have the latest car news, company car taxation news and car reviews to help you make the right choice for your next company car, along with special car leasing offers to help you get the right business car leasing deal.
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