help me please
MOHMEDSALIM PATEL
Registered Posts: 184 Dedicated contributor 🦉
We have started looking past papers for level 3. I have passed personal tax last december .
Now looking at benefits in kind, car benefit and fuel benefit are the frequently asked.
The problem is the way we been taught today is completely different than what i learnt in personal tax.
Fuel benefit is 14,400 x co2 %
payroll tutor said it must car list price X co2
help me please.
Now looking at benefits in kind, car benefit and fuel benefit are the frequently asked.
The problem is the way we been taught today is completely different than what i learnt in personal tax.
Fuel benefit is 14,400 x co2 %
payroll tutor said it must car list price X co2
help me please.
0
Comments
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Hi
both the fuel benefit and car benefit is used to calculate employer's class 1a liability and to adjust the personal tax code for the benefits received.
If the employee does not reimburse the employer for milieage cost of company car (fuel use for priviate use) than benefit of fuel is £14400 x co2 x number day the car is made availabe.
Car benefit is list price x co2
Have look at P11D - car and car fuel benefit fuel0
