The taxman is gunning for SME’s business mileage claims.
Back-payments and fines can be crippling – get your records straight now! Story: RALPH MORTON<br
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
JULY 2012: If you’re an employer who gives free fuel, or an employee who gets free fuel, you need to read this.
On my Audi A6, I would have to travel 13,490 private miles in order to reach just breakeven point on so-called free fuel Business Car Manager: Editor’s Blog AT ONE
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
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
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
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.
Want more motoring news?
Sign up here for our free weekly serving of all things motoring.
