Fuel Reimbursement
By Nicci Courtney-Clarke · Updated
What tax code must be used when a company reimburses fuel only and business km's exceeds 8000km per annum. There is no refunds for wear and tear, repairs and maintenance or insurance. At present the code on the IRP5 is 3702, is this correct?
That is correct yes if the km's traveled exceeds 8000km.