Why ‘free fuel’ isn’t the perk it seems
‘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
‘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
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.
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
How much you’ll pay in tax If you have free fuel the amount chargeable to income tax (for the driver) and Class 1A national insurance contributions (for the employer) is
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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