Fuel Cards and Tax

We take a look at fuel cards and tax, find out about the potential tax implications of fuel cards and how you can avoid unnecessary tax issues. The information discusses a number of tax topics including tax relief on business mileage.

We also cover more detail on tax liability and benefit in kind tax for company fuel cards, providing helpful information on how to minimise benefit in kind liability.

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.

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.

Car driving on an open highway

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.

Benefit in Kind Tax for Company Car Fuel

One of the most common areas of uncertainty when it comes to fuel expenditure for companies is tax liability. Understandably, businesses and other organisations are keen to minimise or even eliminate any tax liability. But many are unsure how to do this.