Help needed with working out company car tax and fuel
Discussion
I've searched the posts on this subject from previous questions but none really answer the question I need answering.
I've never had a company car before so totally new to this so please excuse my dumbness.
I will be earning mid £50ks in my new role. Will my BIK tax be the full 40% for the year or just on the percentage over the £32 threshold??
I'll also be given a fuel card. I'm aware I'll get taxed on personal fuel but how does this work. Is it worked out on my personal mileage or a percentage of my annual personal miles. Is it a pence per mile figure or a flat rate fee
I haven't a clue and the HMRC web site is just confusing
I've never had a company car before so totally new to this so please excuse my dumbness.
I will be earning mid £50ks in my new role. Will my BIK tax be the full 40% for the year or just on the percentage over the £32 threshold??
I'll also be given a fuel card. I'm aware I'll get taxed on personal fuel but how does this work. Is it worked out on my personal mileage or a percentage of my annual personal miles. Is it a pence per mile figure or a flat rate fee
I haven't a clue and the HMRC web site is just confusing
Gassing Station | General Gassing | Top of Page | What's New | My Stuff


