Find out how LetsTalkFleet can help ease the pain of increasing fuel costs...
With the likelihood of the Chancellor putting fuel duty up by 5p a litre in October’s Budget, now is...
Private Fuel
Do you offer free private fuel to your employees, this is a benefit-in-kind that has been heavily taxed in recent years. For many employees this is now a costly benefit unless they have high personal mileage. Some questions you may have:
- How much does it cost me to provide this benefit to my employees?
- How much does it cost my drivers to receive Private fuel?
- Is their a break even point for it?
This simple calculator is currently being developed and will enable you to calculate what the total cost of private fuel is for you and your drivers.
In the meantime if you have a question or need any support please get in touch with one of our specialist team and LetsTalk.
The information provided is based on existing and proposed legislation as at March 2020 (11th March 2020 UK Budget). Whilst every effort has been made to ensure that information given is accurate and not misleading, this information is intended to provide a quick reference to the current tax regulations relating to company vehicles and how they impact employers and employees. The content has been provided for informational purposes only and should not be relied on as a substitute for professional advice. No responsibility can be accepted by LetsTalkFleet Ltd for any loss or liability occasioned by any person acting on or refraining from action as a result of viewing this information.
