Fuel Cards and Tax Implications

Tax Position On Fuel Cards For Employees

As companies weigh up different options for covering and managing the costs of fuel for their drivers, one of the considerations should be how tax liability is affected.

How Do Fuel Cards Work for Employees?

Fuel cards are a popular way for businesses to manage fuel spending and keep costs down. Used by large and small companies alike, fuel cards like fuelGenie offer a number of important benefits to both employers and employees.

Fuel Cards For Employees FAQs

Fuel cards are an increasingly popular solution for businesses looking to reduce petrol and diesel expenditure, manage invoicing and make life easier for employees driving during the course of their work. Check out our FAQS around fuel cards for employees.

Fuel Cards and Tax Implications

Thinking about providing fuel cards to your employees to pay for petrol and diesel? One thing to be aware of is the potential tax implications. These are fairly simple in nature, don’t always apply and – best of all – can be avoided.

Are Fuel Cards A Taxable Benefit?

A taxable benefit is simply any benefit given to an employee in addition to their salary that is taxable. This does not include company vehicles and fuel, loans, necessary accommodation or mobile phones—and there are special rules to determine the value of these items

Fuel Card Tax Relief On Business Mileage

Fuel Cards And Tax Implications

For businesses whose employees have to drive in the course of their job, there are different approaches to managing the costs and ensuring employees are compensated for work-related travel.