Petrol costs in/out of ltdco

**Churchill** · 22 May 2008, 11:24

Originally posted by moorfield View Post

The petrol threads today got me wondering ...

How high would fuel prices need to go to make it worthwhile you putting car + fuel costs back through your ltd co - if not already - factoring in the additional BIK ?

All mileage is business mileage!

Buy the car yourself.

**BoredBloke** · 22 May 2008, 11:38

I think his point is that the rate for business mileage is not that great and has not moved for years and with the increased cost of motoring there must be a point where the costs in having your company pay for the fuel and taking the BIK hit is better than what you can get from the rate.

**Peoplesoft bloke** · 22 May 2008, 12:38

IIRC ltdco has to pay Employer's NI on fuel benefits for Employees, so I think it'd have to be a lot more than this before it became worth it. OK for permies if they have the option though eh?

Petrol costs in/out of ltdco