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Changing car mid-year - with fuel card
wavey_davy
Posts: 171 Forumite
in Cutting tax
Hi,
I have a company car allowance of 5500 with a fuel card for personal/business and did have a 1.8i Mazda 6. I needed to change this car last month and opted to buy a 1.4i Astra but have never had a fuel card before this year and not sure what to expect from the tax man and how changing the car mid-year will affect it.
As my company has asked for details of both cars, can I assume that they inform the tax man about the fuel card benefits along with some sort of calculation on the cars?
Will I just receive a new tax code or do I need to fill in a tax return in January?
Thanks in advance
I have a company car allowance of 5500 with a fuel card for personal/business and did have a 1.8i Mazda 6. I needed to change this car last month and opted to buy a 1.4i Astra but have never had a fuel card before this year and not sure what to expect from the tax man and how changing the car mid-year will affect it.
As my company has asked for details of both cars, can I assume that they inform the tax man about the fuel card benefits along with some sort of calculation on the cars?
Will I just receive a new tax code or do I need to fill in a tax return in January?
Thanks in advance
Give a man a fire and he's warm for the day. But set fire to him and he's warm for the rest of his life. - Terry Pratchett, Discworld
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