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my company offer me 4k car allowance annual, plus fuel card. how much i should pay for the tax?


Your 4K annual allowance will be taxed with your pay,
so you wont have to apy any more tax.
If the fuel you use is wholelly and solely for business purpose then there is no further tax to pay, but if you use some fuel for private purposes then you will pay only a small amount of tax.

This entry was posted on Monday, November 30th, 2009 at 8:57 pm and is filed under Fuel cards. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Comments »

  1. Comment by SS — November 30, 2009 @ 8:21 pm

    Your 4K annual allowance will be taxed with your pay,
    so you wont have to apy any more tax.
    If the fuel you use is wholelly and solely for business purpose then there is no further tax to pay, but if you use some fuel for private purposes then you will pay only a small amount of tax.
    References :

  2. Comment by wilfred b — November 30, 2009 @ 8:35 pm

    approx 22% is a ball park figure but it really depends on your tax code
    References :

  3. Comment by fengirl2 — November 30, 2009 @ 8:59 pm

    Yes, the £4k should be included in your pay and taxed under PAYE. The amount spent on your fuel card is also taxable assuming it includes fuel for private use.
    You will then reclaim your business mileage – presumably from your employer. The max you can claim is 40p a mile without incurring a tax charge.
    If your employer does not pay your mileage, then you keep accurate records of business miles and reclaim it from tax at the end of the year – again at 40p per mile.
    References :
    Ex Inspector of Taxes

  4. Comment by Stop Wasting My Money (Meads) — November 30, 2009 @ 9:32 pm

    YOu need to ask will they pay for servicing and new tyres as this is tax deductable
    References :

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