Free fuel for a company car

Just a reminder that you should really do the calculations to see if the provision of free fuel for private motoring is worthwhile.

In virtually all cases unless there is high private mileage and low CO2 emissions or you cannot be bothered to distinguish between private motoring and business motoring, you will end up out of pocket.

For 2016/17 the multiplier is £22,200 and the maximum charge 37% x £22,200 = £8,214 and the tax charge thereon (for a higher rate taxpayer) £3,286.

For 2015/16 the multiplier was £22,100 so there is no reflection in the reduction of the price of fuel that has happened in recent months.