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Fuel’s a quid a litre – so why are YOU paying £3?

By |2017-11-20T12:32:45+00:00December 17th, 2015|Car fuel benefit tax, Company car tax|

Want to know more on free fuel? If you want to find out more about free fuel provision, go to our story Fuel scale charge for free fuel   Find out about the current business mileage rates - go here DESPITE lower pump prices, down to a quid a litre or less, the "zombie benefit" of fully-expense-paid private fuel is draining companies [...]

What’s the fuel benefit charge for electric vehicles?

By |2017-11-20T12:26:24+00:00October 3rd, 2014|Car fuel benefit tax, Company car tax|

There's no fuel benefit charge for electric vehicles, as the HMRC doesn't see electricity as a fuel AS HMRC doesn’t see electricity as a fuel, there is currently no fuel benefit charge for electric vehicles. But, what if your boss allows you to top up the battery of your electric or plug-in hybrid vehicle at work, could this fall under [...]

Why ‘free fuel’ isn’t the perk it seems

By |2017-11-20T12:22:30+00:00June 4th, 2013|Car fuel benefit tax, Company car tax|

Drivers and employers should do the maths for their own circumstances before deciding that 'free fuel' is a real benefit 'FREE FUEL' sounds like a good perk for employees but both they and their companies would almost certainly be better off if the perceived benefit was removed. That was the message to the ACFO Conference from Matthew Walters, [...]

Budget 2012: free fuel allowance

By |2017-11-20T12:18:00+00:00March 23rd, 2012|Car fuel benefit tax, Company car tax|

Author: Matt Morton The Government multiplier for calculating the tax due on employer-provided 'free' fuel for private use in a company car rises from £18,000 to £20,200 from April 6, 2012. For 2013/14, the multiplier will rise by RPI plus 2%. So how do you calculate your tax liability if you reeive the 'free' fuel benefit? This is [...]

Should I continue to provide free fuel for my employees?

By |2017-11-20T12:11:48+00:00September 20th, 2011|Car fuel benefit tax, Company car tax|

The financial implications of providing free fuel for staff MOST of my company car drivers receive free private fuel. It seems very unfair to encourage them to give up this benefit when fuel prices are so uncertain. What do you recommend? David Rawlings, car tax and SME specialist at BCF Wessex, provides the answer on how to organise a small [...]

Tax: Free fuel benefit – how to work it out for 2011/12 NEW!

By |2017-11-20T12:12:45+00:00February 17th, 2011|Car fuel benefit tax, Company car tax|

  Free fuel: work out whether it's worth taking IF YOU are supplied with free fuel for your company car, or as a director of a small business or SME you receive free fuel for your business car, the amount chargeable to income tax (for the driver) and Class 1A national insurance contributions (for the employer) rose following [...]

Tax: how to work out fuel benefit 2007/08

By |2020-03-03T10:44:38+00:00August 28th, 2007|Car fuel benefit tax, Company car tax|

How much you'll pay in tax If you have free fuel the amount chargeable to income tax (for the driver) and Class 1A national insurance contributions (for the employer) is calculated by multiplying the fuel multiplier (fuel benefit) by a percentage based on the rate at which the car emits carbon dioxide (CO2, in g/km). The example is based on [...]

Tax: why ‘free’ fuel isn’t free – the company car fuel benefit charge

By |2017-11-20T12:12:38+00:00October 10th, 2006|Car fuel benefit tax, Company car tax|

Free fuel: costly benefit WHEN a business pays for all the fuel used by one of its company car drivers, including private mileage, it is often called 'free' fuel. The reality is that it's anything but free. The driver is taxed on it. The taxman levies a charge. He regards it as a benefit. It's known as 'the company fuel [...]

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