Private fuel benefit help.... 31 July 2013 at 7:33PM in Benefits & Tax Credits 2 replies 551 views

cardiganarms

Hi all,

i'm hoping someone can help me quickly as I've been offered a new role which comes with a fuel card which can be used for private fuel.

I current have a company car (Audi A5, Black Edition, 2013) and claim all my business mileage back via their online system and get reimbursed 19p per business mile.

I have just been offered a fuel card and i don't know if its worth it - I've had a look on HMRC and still confused - Starting read forums too staying i could claim tax back which didnt help...

Does anyone know if it would be beneficial and what the break even point would be?

My profile

Salary £56,000
Car as above with optional extra of folding wing mirrors
Health cover - about £500 BIK

Hopefully someone out there can help...

thanks in advance

Caz3121

the private fuel will reduce your tax code by a certain amount, whether it is "worth it" will depend on how may personal miles you do

cardiganarms

Thx Cas3121 -

It just would be good if someone out there knew the approx costs + break even mileage

P