I drive a company car, and although haven't been doing as much mileage over the last 2 years, it will be ramping up again now. For business mileage I can claim expenses, which the company has set at 13c per KM - I pay for all fuel and previously this rate would be fair and generally reimbursed what I paid.
I can't find any detail on the revenue site or elsewhere whether this is a revenue rate (civil service rates are generally applicable for business use of private car from what I can see). However, in the UK the HMRC review this scenario each quarter and publish Advisory Rates for company car users who pay for fuel - From March 1st their rate for similar vehicle to mine (Diesel 1.6 - 2l) would be 13 pence (roughly 16c) for example. https://www.gov.uk/guidance/advisory-fuel-rates
Is there a similar set of rates applicable for Ireland anywhere? With fuel prices rising, the 13c may not cover the costs like it did before!
Thanks folks. Any guidance would be useful before talking to my employer.
I can't find any detail on the revenue site or elsewhere whether this is a revenue rate (civil service rates are generally applicable for business use of private car from what I can see). However, in the UK the HMRC review this scenario each quarter and publish Advisory Rates for company car users who pay for fuel - From March 1st their rate for similar vehicle to mine (Diesel 1.6 - 2l) would be 13 pence (roughly 16c) for example. https://www.gov.uk/guidance/advisory-fuel-rates
Is there a similar set of rates applicable for Ireland anywhere? With fuel prices rising, the 13c may not cover the costs like it did before!
Thanks folks. Any guidance would be useful before talking to my employer.