Calculating Private Fuel
Anyone who drives a company car and gets free fuel for private use has to pay tax, and private fuel allowance liabilities are calculated from the current fuel benefit charge of £21700.
It’s important to estimate your private mileage before you decide to take free fuel for private use, or you could end up financially worse off.
Watch our short video which will guide you through the calculations. You will need to know your Benefit in Kind and Income tax bands to calculate the actual tax payable. You’ll also need to understand your vehicle’s fuel efficiency or MPG.
Of course, these are only guides - and legislation does change, particularly when it comes to the rules on exemption. So, why not contact one of our fleet or local business specialists who will guide you through the process, offering expert advice. You can call or email them, call in or even request a visit to your business should that be more convenient.