Keeping an accurate record of your business mileage is critical, whether you are a sole trader, a business car manager, or a company driver. HMRC has a task force out to look through SME business mileage records – with punitive fines for mileage recording errors.

Electric charging tax to replace fuel duty

By |2021-07-21T11:52:09+01:00July 27th, 2017|Car news and reviews, Company car tax, Electric car mileage rates, Electric Vehicles, Mileage allowance, News|

WITH the announcement that all petrol and diesel car sales will end by 2040, it raises the prospect of how the government will replace its current fuel duty tax take. As the automotive world moves to an electric only future, it will leave a large hole in the government’s finances: a £27 billion sized hole to be precise (source RAC [...]

Home charging for electric vehicles (EVs)

By |2021-07-21T11:45:42+01:00July 20th, 2017|Car news and reviews, Electric car mileage rates, Electric Vehicles, Mileage allowance, News|

HOME CHARGING for electric vehicles requires a simple installation close to where the car will be charged and a routine similar to charging a mobile phone as the process takes several hours – although technology is constantly advancing. Recently Alphabet announced Chargemaster as its official EV charging partner. The need for close proximity parking is likely to rule out most [...]

HMRC consultation calls into question flat rate expenses for travel

By |2017-11-20T12:35:28+00:00April 4th, 2017|Car news and reviews, Mileage allowance, News|

BUSINESS travel data specialist TMC is urging companies to respond to a new HMRC consultation document that questions whether flat rate expenses for mileage and fuel such as Approved Mileage Allowance Payments (AMAPs) are still appropriate. TMC, which captures and processes mileage and fuel expense data from over 100,000 UK and European drivers, says fleets should take this important opportunity [...]

Government Bill on new fuel rules welcomed as boost for electric vehicle take-up

By |2021-07-21T11:46:11+01:00March 2nd, 2017|Car news and reviews, Electric car mileage rates, Electric Vehicles, Mileage allowance, News|

INSTAVOLT has welcomed new fuel rules to make electric vehicle charging simpler and more accessible for all that should boost electric vehicle take-up. The firm, which is working to install more than 3,000 rapid chargers across the UK by 2020, says a better charging infrastructure is key to boosting electric vehicle (EV) adoption. Under the new Vehicle Technology and Aviation [...]

Free fuel and the fuel scale charge

By |2017-11-20T12:29:28+00:00February 6th, 2017|Free Fuel, Mileage allowance|

THE level of benefit in kind car tax you pay for receiving free fuel for your company car rises again for the 2017/18 tax year. For the tax year 2017/18 the fuel scale charge is £22,600. It makes deciding whether to take free fuel a more important decision than ever. Never having to pay for your fuel might sound ideal; but [...]

Car allowance business mileage – can I claim more?

By |2017-11-20T12:30:57+00:00February 16th, 2016|Company car business mileage rates, Mileage allowance|

Getting your correct mileage entitlement Keith gets company car opt-out allowance of £375 per month, less 40% tax and NI, plus 12p per mile But approved the taxman's mileage allowance rate is 45ppm for first 10,000 miles business use in private car then 25ppm So he can claim tax relief on difference of 33ppm on first 10,000 miles (worth £1,424), then 13ppm [...]

What is mileage allowance relief (MAR)?

By |2018-06-26T10:21:24+01:00May 28th, 2015|Mileage allowance, Mileage allowance relief|

  WHAT is MAR and how does it differ from AMAPs? Good question. And all with plenty of acronyms thrown in too. So here goes with the difference between Mileage Allowance Relief (MAR) and Approved Mileage Allowance Payments (AMAPs). If you use your own car for business you should be aware of MAR to make sure you're not paying [...]

Medium-sized Cambridgeshire firm trips up over mileage reporting to HMRC

By |2017-12-08T15:43:58+00:00April 23rd, 2015|Company car business mileage rates, Mileage allowance|

A Cambridgeshire-based engineering company Ivor Searle received a spot check visit from HMRC in early 2015. On inspection, it was found employee mileage claims were being estimated and could not be reconciled to fuel card invoices. Companies don't understand business mileage claims A survey from YouGov has revealed that 56% of employees who drive a car for business purposes are [...]

Women blitz men on tax returns – but do they know correct business mileage rates?

By |2017-11-20T12:27:42+00:00January 13th, 2015|Mileage allowance|

Women: fashionably late they might be, but when it comes to tax returns they're right on time TAX returns. Not filled in yours yet? Well, you're not alone, as for every 10,000 tax returns returned to the HMRC from men, 394 were filed after the relevant deadline (31 October on paper and 31 January for online returns). This compares [...]

e-fleet business mileage app gets thumbs up from small fleet operator

By |2017-11-20T12:23:49+00:00November 26th, 2013|Car news and reviews, Company car and business car reviews, Keep it legal, Mileage allowance, News|

Facilities management business ECG says the e-fleet app is hugely beneficial in the management of its 150 cars KEEPING an accurate log of business mileage is an essential part of working life, and one that many company car drivers struggle to keep on top of. In an effort to make life easier, Glasgow-based fleet solutions provider, Fleet Alliance, [...]

As MP claims 3p for one car trip, are you claiming the correct business mileage

By |2017-11-20T12:23:23+00:00October 7th, 2013|Mileage allowance, Personal business milage rates|

Before you start that business trip in your own personal car, do you know the correct business mileage rates you should be claiming? WOULD you claim 3p for a 100m car journey? We suspect not; and more to the point, we expect your business car manager or company director would throw out such a penny-pinching claim, too. If [...]

Daikin stays cool on HMRC business mileage compliance

By |2017-11-20T12:23:22+00:00October 1st, 2013|Company car business mileage rates, Mileage allowance|

How will you feel when HMRC come knocking on your door to inspect your business mileage records? HMRC is continuing its SME Business Record Checks programme. And one of the items the taxman is looking for in your company’s record keeping is accurate business mileage records. HMRC says that its checks have revealed 36% of SMEs visited had [...]

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