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Company car and fuel card
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getinmyselfoutadebt
Posts: 81 Forumite
in Cutting tax
Hi, hoping for some advice please. A friend has a company car, allowed to use for personal use and fuel card. The tax code is k192. Earning £27k per year. The amount of tax seems very high, she has no tax free allowance left at all and is in a negative amount. Does this seem right?! Thank you
0
Comments
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Could be correct and equally it may be wrong.
K192 doesn't mean much in all honesty, it is the breakdown which results in the tax code allowances being negative (-1920) which is important.
It could be the car is expensive tax wise, or there is some tax owed or they have some other taxable income includes in teh tax code or hundreds of other reasons.
If you get the breakdown that would be a start.0
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