Hi All,
I'm hoping you can help. I started at a new company in October last year and for the first time ever I was given a company fuel card to use with my private vehicle. I was told that i could use this for both business and personal mileage but i would have to keep records, now what with lock down and customers not wanting to meet in person, plus my uncertainty about the tax, I've never actually used the fuel card. However I'm worried about the tax implications, looking at this calculator https://comcar.co.uk/fuel/benefit/ it seems to indicate that taxable benefit will be £3,640.80 based on 168g CO2 and 40% tax rate regardless of how many miles I've done or not done. Is this correct? Even if I've never used it, just the fact i have the card leaves me liable for the tax?
Many thanks in advance
Carl
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