u/Helsingg

Received company vehicle but the reimbursed amount is less than what I pay at the pump

As title, I recently received a company vehicle for my role.

This vehicle is a Ford Ranger pickup, which I am averaging around 38mpg.

(This truck is very useful in my situation as there is some off roading, dirt tracks and some heavy loads to be carted around, and I've always wanted one).

However, as this is a company car, the advisory HMRC rate for reimbursement is 13p per mile (1996cc).

I am working out that at the pump price of £1.83/l and 38mpg, I am getting around 22-23p per mile in cost.

Is there anything I can do about this incurred cost, as I will be doing roughly 10,000 business miles per year.

The company are looking into it, but say it is more of a headache for tax purposes that anything.

Is there anything the company could do to alleviate this?

What are my options other than giving up the truck?

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u/Helsingg — 9 days ago