Get Driver Fuel Card Policy

The use of company fuel cards for personal travel, including journeys to and from work, is effectively using company funds to pay for personal expenses. This is classed as a taxable benefit. The business must then pay National Insurance contributions (at 13.8%) on the value of the fuel being used for personal use.

While using a fuel card may limit your drivers in terms of where they can top up, fuel cards offer cheaper rates than more traditional payment methods. Most fuel card providers offer tools for locating the service station closest to you.

Buying cheaper petrol and diesel is the central strategy to saving your business money through fuel cards. By driving down the average cost per litre by a few pence can save thousands of pounds in the course of a year. Fuel cards facilitate a number of actions to help this happen.

A quick and convenient way to pay for fuel. Increased security and a safer alternative to carrying cash. Tighter control of business expenses. Streamline mundane admin processes. Increased flexibility for refuelling across a huge network.

Using a fuel card is a great way to save some money, both by getting the fuel at a discounted rate and also by being able to better manage and track the way the vehicle is driven. ... Here's a few of the myths about buying fuel and using a fuel card that you may have heard.

Company fuel cards can reduce the costs of filling up your business car(s), especially as most of them only work at discounted fuel stations. Fuel cards also take away the time and money spent on administration/accounting needed for a pay and reclaim system.

Many fuel card providers will notify you a week in advance about the fixed national cost per litre of fuel. This tends to be around 2-3p less than the standard asking price. For motorway prices this will be even more, often around 10p cheaper.

Company fuel cards work by allowing drivers to pay for company fuel using the fuel card instead of cash or a credit or debit card. This enables companies to save money on fuel costs and reduce admin time required to process employees claiming back business fuel expenses.

Instead of paying with cash or credit/debit cards, the company employee simply presents the card to the cashier. The company is billed directly and the employee can collect a receipt as proof of purchase.

Company fuel cards can reduce the costs of filling up your business car(s), especially as most of them only work at discounted fuel stations. Fuel cards also take away the time and money spent on administration/accounting needed for a pay and reclaim system.

Company fuel cards work by allowing drivers to pay for company fuel using the fuel card instead of cash or a credit or debit card. This enables companies to save money on fuel costs and reduce admin time required to process employees claiming back business fuel expenses.

With a fuel card, the financial benefits can be more than simply discounted fuel. This is because, when you have a fuel card, you don't pay at the pump. Instead, all fuel costs for a given week are collected into one single invoice, which is then taken out as a single direct debit payment 7 days later.