Fuel Benefit

Employees will be taxed if their employer provides any free fuel. This could be as a result of using a company fuelcard and not repaying the private usage element, or if the employer pays for travel between home and work. As the full taxable benefit per the table below will be applied, employees should check that the offer of any free private fuel is worthwhile. Complete the calculator form to find out! It is not too late to reimburse your employer for any private mileage used in order to avoid this tax, but you then need good records to substantiate the business element of fuel costs covered by the company.

The taxable amount is based simply on £18,800 multiplied by the same percentage derived from the CO₂ figure and fuel type. Once you have identified the appropriate benefit, run it through the calculator at the bottom of the page. Remember to check each year.

Breakeven private mileage calculator

Tax Year 2011/12 Select benefit from above table   £1,880 £2,068 £2,256 £2,444 £2,632 £2,820 £3,008 £3,196 £3,384 £3,572 £3,760 £3,948 £4,136 £4,324 £4,512 £4,700 £4,888 £5,076 £5,264 £5,452 £5,640 £5,828 £6,016 £6,204 £6,392 £6,580 Input expected fuel consumption in mpg Input expected fuel cost in pence per litre Select your marginal tax rate 10% 20% 22% 33% 40% Approximate annual private mileage Calculate the minimum annual mileage

Tax Year 2012/13 £1,880 £2,068 £2,256 £2,444 £2,632 £2,820 £3,008 £3,196 £3,384 £3,572 £3,760 £3,948 £4,136 £4,324 £4,512 £4,700 £4,888 £5,076 £5,264 £5,452 £5,640 £5,828 £6,016 £6,204 £6,392 £6,580 10% 20% 22% 33% 40%