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Private fuel benefit help....
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cardiganarms
Posts: 2 Newbie
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
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

0
Comments
-
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 do0
-
Thx Cas3121 -
It just would be good if someone out there knew the approx costs + break even mileage
P0
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