Fuel Card Tax question.

[Princey]

I currently have a company car and a fuel card. I put the cost of all fuel on the card. I then declare any personal mileage and this cost comes out my wage and the end of each month. Am I right in think I won't be paying any tax on the card since I pay for personal mileage?

 

[brassd]

Correct, because you have no benefit. The only fuel your employer pays for is business miles.

 

[Rambaud]

Agreed.

You have eliminated the possible taxable benefit for private fuel by re-imbursing your employer.