We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Car fuel benefit and company car

Xen6
Posts: 205 Forumite

I've recently started a new job with a company car (small van). I use a fuel card which pays for fuel for both personal and business use.
- How do I calculate what the impact will be on my tax taken and take home pay?
- Having looked on the gov.uk website, it's unclear whether the mileage / cost of fuel is used in the calculation at all... It appears to be a fixed amount regardless of usage. Can someone clarify?
Any help clearing this up would be much appreciated, new to this whole company car stuff.
- How do I calculate what the impact will be on my tax taken and take home pay?
- Having looked on the gov.uk website, it's unclear whether the mileage / cost of fuel is used in the calculation at all... It appears to be a fixed amount regardless of usage. Can someone clarify?
Any help clearing this up would be much appreciated, new to this whole company car stuff.
0
Comments
-
You're more likely to get a useful answer if you
A) post this in the "cutting tax" boarddecide if you have a company car or company van - your thread refers to car but you go onto say it's a van
As a general rule it will be fixed amount either way but there can be big differences between car and van benefits, particularly on the fuel side of things.0 -
You say company car but then you say van.
There is a difference and it is treated differently for benefit purposes.
Van Benefit is £3170 and Van Fuel Benefit is £598. You'll pay tax on those at whatever your rate of tax is. That's assuming you use it for personal use outwith commuting.
If it's a car it depends on the list price, co2, fuel type etc. And personal use would include commuting for a car.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.2K Banking & Borrowing
- 252.8K Reduce Debt & Boost Income
- 453.2K Spending & Discounts
- 243.2K Work, Benefits & Business
- 597.6K Mortgages, Homes & Bills
- 176.5K Life & Family
- 256.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards