10 Jun 2010

Change to the Benefit in Kind - Fuel

If your employer pays for the fuel used to run either a company car or your personal car then your tax liability increases as the amount of extra income you are treated as having earned for the year is increased from 6 April 2010 to £18,000 from £16,900.

It is believed that employees would have to travel more than 17,000 private miles each year before the benefit outweighs the cost.

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