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Company cars and private fuel

Rayney’s Tax Planning for Family and Owner-Managed Companies: 2023/24

Author:
Peter Rayney FCA, CTA (Fellow), TEP
Publisher:
Bloomsbury Professional
Publication Date:
2024
Law Stated At:
6 April 2024
Chapter 7: Benefits and Expenses Company cars – basic rules Salary sacrifice/optional remuneration arrangements – basic rules Meaning of a car Double-cab pick-ups ‘Made available by reason of employment’ ‘Private use’ payments by directors/employees Other related car benefits Company car tax calculations (2024/25) Car benefit calculator – 2024/25 (and 2023/24) Worked examples of taxable car benefits Electric and hybrid cars etc Other tax breaks for electric cars Automatic cars for disabled employees Classic cars VAT recovery on purchase/lease of car Car fuel benefit VAT recovery on fuel Opting out of the VAT scale charge and claiming VAT on business fuel Reimbursement of private fuel for company cars (Advisory fuel rates) ...

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