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5. How do I do a vehicle benefit to cover private fuel use?

Private fuel2:03

"How do I do a vehicle benefit to cover private fuel use?"

When a company vehicle is used for private purposes, and the fuel is covered by the company, you'll need to update the company vehicle benefit.

To update a pay batch's vehicle benefit to include private fuel use:

  1. First, select the pay batch on: MenuPay batches
  2. Then tap: SettingsPay batch settings
  3. Then scroll to the bottom and look for the "Repeat payables" heading.
  4. And tap the company vehicle benefit you'd like to include private fuel use for.
  5. Then scroll down to the "Fuel" heading.
  6. And turn on: Employer also pays private fuel costs
  7. Next, tap Save, and the private fuel use is added to the payslips of the people using the vehicle.
  8. To see the private fuel use on the people's payslips, tap the company vehicle benefit again.
  9. Then scroll down, and expand the "Advanced" heading.
  10. And you'll see the yearly private fuel "Benefit-in-kind" cash equivalent.
  11. And you'll also see that it's been added to the vehicle benefit's: "Total yearly cash equivalent"
  12. Next, scroll down, then tap the person.
  13. Then hover your mouse over the vehicle benefit, and tap the "See on payslip" button:
  14. And you'll see the vehicle benefit showing under: "Benefits-in-kind ... company arranged"
  15. And finally, when you hover your mouse over the benefit amount, you'll see a breakdown of the calculation which now includes the private fuel use amount.

Keep in mind that:

  • The change of adding or removing private fuel use shows up on each person's next un-filed payslip.
  • And it won't affect any of their previously filed payslips.

And that's it! That's all you need to do, to update a vehicle benefit if your company covers a person's cost of fuel.

Updated: Sat, 28 Oct 2023.

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www.1st.money/help/Expenses/F-G._Cars_and_vans,_and_car_and_van_fuel/5._How_do_I_do_a_vehicle_benefit_to_cover_private_fuel_use