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Fuel benefit

Fuel benefit

Hello

If an individual wants to avoid a fuel benefit by reimbursing private mileage, can this be done part way through a tax year or only on the change of a vehicle or start of a a tax year?

Thanks in advance

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By BKD
28th May 2012 11:34

Any time

There is no need to wait for a change of car. (The reverse doesn't apply, though - if an employee has a company car for the whole of the tax year, but starts to receive free private part way through the year, he will be assessed on a full year's fuel benefit. Illogical, but that's tax for you!)

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