We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Claiming Tax Relief on Company Car
Ro13ert
Posts: 3 Newbie
in Cutting tax
Hi, I am looking for any help at all regarding claiming for Tax Relief on a Company Car.
Apologies if this isn't the right way to go about it...
I have had a company car for a year now, which I pay towards through my tax. When I claim my diesel from the company I work for they give me 9p for every mile. This does not even cover the actual costs of the diesel, when I last worked this out it was about 13p a mile I needed to break even, so the difference I am having to pay.
Someone told me I can claim tax relief on the fuel I put into the company car but when I have looked into this I am bamboozled by the various diffferent options and how vague the tax site is and the forms to be completed.
I am hoping someone has done this before and can point me in the right direction or even let me know what I can actually claim for and what I can't.
Any help would be greatly appreciated!!
:money:
Apologies if this isn't the right way to go about it...
I have had a company car for a year now, which I pay towards through my tax. When I claim my diesel from the company I work for they give me 9p for every mile. This does not even cover the actual costs of the diesel, when I last worked this out it was about 13p a mile I needed to break even, so the difference I am having to pay.
Someone told me I can claim tax relief on the fuel I put into the company car but when I have looked into this I am bamboozled by the various diffferent options and how vague the tax site is and the forms to be completed.
I am hoping someone has done this before and can point me in the right direction or even let me know what I can actually claim for and what I can't.
Any help would be greatly appreciated!!
:money:
0
Comments
-
What engine size is the car, 9p is correct for under 1600cc. https://www.gov.uk/government/publications/advisory-fuel-rates/advisory-fuel-rates-from-1-march-2016
You can claim tax relief on the difference between the advisory rate and what the company pay you. https://www.gov.uk/guidance/claim-income-tax-relief-for-your-employment-expenses-p870 -
Yea the car is under 1600cc, so if my work are giving me 9p per mile and that is what the recommend rate is then I can't claim anything?0
-
Can your employer not give you a fuel card and you pay back your private mileage at 9 ppm0
-
What engine size is the car, 9p is correct for under 1600cc. https://www.gov.uk/government/publications/advisory-fuel-rates/advisory-fuel-rates-from-1-march-2016
You can claim tax relief on the difference between the advisory rate and what the company pay you. https://www.gov.uk/guidance/claim-income-tax-relief-for-your-employment-expenses-p87
Company car drivers cannot claim the difference between the advisory rates and what the company pay,0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604.1K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards
