40p per mile and the 9p fuel element
Discussion
Obviously more of a joke everyday.
If the company decided to increase the rate it pays to use youir own car for business to say 56p to reflect true fuel costs, would the extra 16p be a BIK?
How about those who have a company car for whom we pay 9p a mile in fuel? Surely as that is entirely fuel there can be no argument that as fuel costs have risen, servicing and interst charges have fallen (which I understand is HMRCs argument as to why it has been 40p for years).
If the company decided to increase the rate it pays to use youir own car for business to say 56p to reflect true fuel costs, would the extra 16p be a BIK?
How about those who have a company car for whom we pay 9p a mile in fuel? Surely as that is entirely fuel there can be no argument that as fuel costs have risen, servicing and interst charges have fallen (which I understand is HMRCs argument as to why it has been 40p for years).
Brown and Boris said:
If the company decided to increase the rate it pays to use youir own car for business to say 56p to reflect true fuel costs, would the extra 16p be a BIK?
Yes. If your fuel costs that though, I would recommend not running the Dodge Viper for business mileage. Or at least not all the way in 2nd gear... 
JustinP1 said:
Yes. If your fuel costs that though, I would recommend not running the Dodge Viper for business mileage. Or at least not all the way in 2nd gear...
yep, could be bit pricey!seems no changes to rates for a while yet:...
http://www.companycardriver.co.uk/news/article/?ar...
Does anybody know if there is a No10 petition on this issue.
Strikes me that HMRC are playing it dumb because there was a report in the press last week about how motoring costs have risen in the last 2 years which made a mockery of any notion that reduced interest rates and servicing costs have balanced out the increases.
Strikes me that HMRC are playing it dumb because there was a report in the press last week about how motoring costs have risen in the last 2 years which made a mockery of any notion that reduced interest rates and servicing costs have balanced out the increases.
read some other place that it favours small and economical cars, so if people want bigger cars, they get to pay for it themselves, suspect there will be no changes
also a change to corporate manslaughter laws means company cars better for employer as they gurantee it gets serviced and not have to rely on the user not cutting corners on the servicing which could result in their death and the director going to court
also a change to corporate manslaughter laws means company cars better for employer as they gurantee it gets serviced and not have to rely on the user not cutting corners on the servicing which could result in their death and the director going to court
Scraggles said:
read some other place that it favours small and economical cars, so if people want bigger cars, they get to pay for it themselves, suspect there will be no changes
also a change to corporate manslaughter laws means company cars better for employer as they gurantee it gets serviced and not have to rely on the user not cutting corners on the servicing which could result in their death and the director going to court
Even if your motor does 60 to the gallon of diesel it costs about £54.15p for 10 gallons which is just about covering the fuel at 9p a mile, and even at 12p to the mile you have to be doing 45mpg.also a change to corporate manslaughter laws means company cars better for employer as they gurantee it gets serviced and not have to rely on the user not cutting corners on the servicing which could result in their death and the director going to court
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