Jesse Gilchrist
Joined: 1/16/2023
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Fuel Card on Personal Vehicle
Hi, I'm trying to work out the best way to set up the use of my personal vehicle for my limited company. I am able to get a fuel card to pay for fuel, but what's the best way to pay for personal miles I do? Can I pay back personal miles at 17p a mile which is the company car rate so it doesn't attract a BIK tax? Also, if the company pay for fuel, and I reimburse personal miles, how do I claim wear and tear, insurance costs etc? Can I pay the 45p a mile rate or is that double dipping? Thanks in advance, Jesse