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 Accounting News & Insights

Private Fuel

26th February 2013

Where a company operates a fuel card scheme to allow its employees to purchase fuel on the company’s account there is a potential ‘benefit in kind’ for private usage.

This benefit is significant and unless an employee has a large amount of private mileage (and the company is happy to pay for the associated fuel and Class 1A National Insurance) both parties would be better off if the private element of fuel usage were reimbursed...

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Accounting News & Insights

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Private Fuel

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