Company Car

Chunk_tack · 31 January 2016 at 9:04AM

I use to have a company car and get a P11D.
My company has now made me by my own car which I have to use for business as well equating to 25000 approx business use 5000 personnel.
They have said all I am entitled to is the standard fuel allowance 40p and 25p for business.
This is not covering the cost of buying and running the car.
Should they have given me a car allowance as well when making me swap?

Moto2 · 31 January 2016 at 9:21AM

It looks like they are giving you the 40p in lieu of a car allowance
HMRC advisory fuel rates for running a company car and claiming mileage are much lower

Does your contract say you get a company car?
If so you may decide to refuse their offer

WellKnownSid · 31 January 2016 at 9:22AM

It's not a fuel allowance, that 40/25ppm will be deemed to cover everything. What were their reasons for getting rid of company cars? 25k miles a year would justify one, at the moment it looks like they just want a risk-free way to support their business model.

[Deleted User] · 31 January 2016 at 9:49AM

My company (G4S ) are doing the same thing whenever they get the chance They cut their costs, no insurances or lease cost.We only get 25p a mile, which is pathetic. You can claim back the difference ( between the max allowance which I think is 42p a mile ) against tax every year. You have to fill a form in with your annual mileage which has a maximum mileage against which you can claim. It works out to be a couple of hundred quid a year for us which can cover some costs. At 25p a mile we can make a profit every day doing , say 100 miles with petrol being cheaper we get £25 and spend approx roughly £12 or less on petrol. Our cars can do 60 to the gallon driven carefully on the motorway.