Help needed with working out company car tax and fuel
Help needed with working out company car tax and fuel
Author
Discussion

deanogtv

Original Poster:

761 posts

250 months

Friday 21st November 2014
quotequote all
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

stumpage

2,212 posts

256 months

Friday 21st November 2014
quotequote all
www.comcar.co.uk will give you the answers.

berlintaxi

8,535 posts

203 months

Friday 21st November 2014
quotequote all