Hi

New here and cannot find the answer to this anywhere else !

I am newly set up and in the process of marketing my first stock in trade car.

I have had it for a couple of months, and have put some private mileage on the car.

How does this work with HMRC? Should I pay all petrol invoices myself, or should the company (ltd) pay the fuel bills and charge me for the private mileage per mile, (is there a standard rate here?).

Trying not to incur a large personal tax liability for use of a 'company car'. Help appreciated

Mike