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Petrol Card v Millage Allowance
in How much have you saved?
5 replies 45 views
I receive a monetary allowance to buy my own car.
I also have the choice of having a fuel card or a mileage allowance.
Can you help me decide / understand what is the best option for me to take?
I will do around 20k business miles a year.
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If your company pay above the HMRC approved rate it becomes taxable (in part)
given you are doing 20K pa - go with the fuel card 👍
Allowable rates are VERY low
Pay for your private fuel