Company Car Milage Advice And Guides | Business Motoring

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.

HMRC updates Fuel Advisory Rate

By |2023-06-01T10:51:27+01:00June 1st, 2023|Electric car mileage rates, Mileage allowance, Mileage allowance relief, News|

Rates apply to employees using a company car and can be used  to either reimburse employees for business travel in their company cars or if employees need to repay the cost of fuel used for private travel. Changes see a slight reduction in AFR for diesel, between 1p and 2p per mile depending in engine size, while there is no change for petrol or electric vehicles.

Have you got your mileage rates right?

By |2023-05-12T16:15:38+01:00May 22nd, 2023|Electric car mileage rates, Mileage allowance, Mileage allowance relief, News, Personal business milage rates|

The name for the payment rate – which is tax-free by the way – is called the Approved Mileage Allowance Payment (which you might see shortened to AMAP). It is there to cover not only the fuel costs, but the cost of business insurance, depreciation and wear and tear while your employee is using their private car on business.

AFP launches updated tax manifesto ahead of spring budget

By |2023-03-01T10:06:17+00:00March 1st, 2023|Company car business mileage rates, News|

Manifesto is the result of several months of work by the AFP’s Future Mobility Steering Committee which has been having wide-ranging discussions with members and other interested parties about developing original ideas in areas where it believes that the taxation of fleets and mobility needs changing or developing in order to create effective incentives, greater certainty and more fairness.

Industry calls for an increase in advisory fuel rates for EVs

By |2022-09-02T08:50:43+01:00September 2nd, 2022|Company car business mileage rates, News|

Due to soaring energy prices, October's price cap will see electricity in the home rise to 52p per kWh and the daily standing charge up to 46p. Some public chargers could increase to £1 per kWh, which would see the Tesla Model 3 standard range costing around 21p per mile to run.

Electric charging tax to replace fuel duty

By |2021-07-21T11:52:09+01:00July 27th, 2017|Car news and reviews, 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 [...]

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 [...]

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