While there has been no tax break on company cars that have sat on the drive during the pandemic, a rebate on fuel benefits is still possible, according to RSM’s Chris Etherington
For many employees with a company car sitting idle during the coronavirus lockdown, what was once a valued benefit has become an expensive ornament which has hardly been used over the last three months. However, all is not lost for those who also have their fuel paid for by their employer, as a tax refund could be on the cards.
According to the benefits-in-kind statistics published by the government in June 2019, nearly a million people in the UK benefit from a company car. Unloved and likely in need of a wash, there may be some pent-up resentment from employees towards the amounts of tax and salary currently being sacrificed each month in honour of their redundant company car.
