Fuel card benefit in kind

My job comes with a company car and fuel card, both of which are classed as a benefit in kind. The fuel card equates to over 7k B.I.K on my P11D and I used to do a lot of driving so it seemed about right, but with the Covid 19 Situation I have only driven to work twice since the end of March and my personal usage has also drastically reduced. Is there a way to claim any tax back on this, as I am barely using the fuel card at all? 

Comments

  • Jeremy535897
    Jeremy535897 Posts: 10,709 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper
    Presumably the benefit in kind for the fuel card is based on actual usage? If so, there is no refund, but your benefit in kind for 2020/21 will be substantially less.
  • unholyangel
    unholyangel Posts: 16,866 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Fuel benefit is a straight multiplier of the fuel charge, depending on co2 emissions of the vehicle.

    In other words, unless the fuel card has been withdrawn and is not available for you to use, you'll pay the same bik whether you use it or not. 
    You keep using that word. I do not think it means what you think it means - Inigo Montoya, The Princess Bride
  • Grumpy_chap
    Grumpy_chap Posts: 17,700 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    If you have a fuel card PLUS a company car, the BIK for the fuel card is a multiplier of the company car BIK.  This is as unholyangel said.

    If you have a fuel card BUT NO company car, the BIK for the fuel card us proportional to the amount of fuel used.  This is as Jeremy said.

    In both cases, the tax liability can be reduced if personal fuel is repaid by the employee.  It does not sound as though this is the case for the OP.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 349.7K Banking & Borrowing
  • 252.6K Reduce Debt & Boost Income
  • 452.9K Spending & Discounts
  • 242.6K Work, Benefits & Business
  • 619.4K Mortgages, Homes & Bills
  • 176.3K Life & Family
  • 255.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.