Chapter 3 - 2.5 - Private Fuel Benefit

Question 1

What kind of rate is the benefit for private fuel provided by the employer?

Answer 1

A flat rate, regardless of how much fuel is paid for by the employer

Question 2

How is the private fuel benefit calculated?

Answer 2

£27,800 x Co2 emissions %

Question 3

When should you use time apportion?

Answer 3

If the fuel is not available for the whole year

Question 4

What happens if the employee contributes to part of the cost of fuel?

Answer 4

There is no deduction

Question 5

What happens if the employee pays the entire cost of the fuel themselves for personal use?

Answer 5

There is no taxable benefit to the employee for using the company vehicle