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 [...]

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 [...]

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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