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Fuel Benefit

This topic has 5 replies, 3 voices, and was last updated 7 years ago by Tax Tutor.

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March 8, 2017 at 12:22 pm #376569
sameed121
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Alice was provided with a petrol-powered motor car which has a list price of £24,600. The motor car has an official CO2 emissions rate of 118 grams per kilometre. Alice made a capital contribution of £5,600 towards the cost of the motor car when it was first provided to her by Array Ltd.
Alice was also provided with fuel for her private journeys. The total cost to Array Ltd of fuel for the motor car during the tax year 2015-16 was £1,500.
During the tax year 2015-16, Alice drove a total of 12,000 miles, of which 8,000 were for business journeys.
How would you calculate the fuel benefit ?
March 8, 2017 at 3:12 pm #376608
Arnob Gomes
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- Topics: 6
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22,100*18%= 3,978 fuel benefit.
March 8, 2017 at 3:51 pm #376614
sameed121
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- Topics: 9
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I know 🙂
But from where this 22100 came ?
March 8, 2017 at 7:40 pm #376808
Arnob Gomes
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- Replies: 10
It’s the rule. Fuel benefit is calculated using 22,100. See the note or text books. You’ll be able to find it!
March 8, 2017 at 8:55 pm #376836
sameed121
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- Topics: 9
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Thanks a lot!
March 9, 2017 at 8:41 am #376995
Tax Tutor
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If you are doing the March exam then the figure provided on the rates and allowances pages is 22,100 – if you are doing the June 2017 exam then the given figure has increased to 22,200
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