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.
It's 45p a mile mate - if it's your own car AN astonishing 25% of larger companies don't know how much they pay their staff for driving their own private cars on company business. The frank confession highlights a worrying lack of cost control - and if they pay too much, creating a taxable benefit for their employees. [...]
The Mileage Audit app records business mileage and even allows company car drivers to upload copies of fuel receipts and travel expenses THERE’S a new smartphone app on the market - which comes with a promise to reduce business mileage costs. Launched by TMC it connects to the company’s award-winning Mileage Audit system. The Mileage Audit app guarantees [...]
The AA Mileage Calculator is a great way to keep track of your business mileage for expenses claims and tax returns EVER wondered whether or not your business mileage expense claims are accurate? The AA has just launched a brand-new online tool to help. It provides accurate figures for business mileage expense claims. The AA Mileage Calculator works [...]
Audi's online fuel cost calculator will help business motorists compare models COMPANY car drivers have another online tool to help them work out their business motoring costs. Audi's online fuel cost calculator allows business motorists to compare different models in the Audi range on the basis of purchase price, fuel economy and estimated fuel costs. Audi customers [...]
The taxman is gunning for SME’s business mileage claims.
Back-payments and fines can be crippling – get your records straight now! Story: RALPH MORTON
Rising fuel costs outstrip Advisory Fuel Rates
NEW HMRC Advisory Fuel Rates for company cars from September do drivers no favoursEditor Ralph Morton reports
HMRC to crack down on business mileage
SMEs have been identified by the taxman as a soft target for business mileage claims. If you pay employees business mileage, you need to know about this.
Story: Richard Davies
Fuel cards can help reduce the administration of company cars
GIVE paper receipts and expense claims the heave-ho - fuel cards can let you get on with running your business, while spending less time on your company car fleet. Special Report: Jo Tacon
Goodall: mileage claims THE Federation of Small Businesses (FSB) has raised concern that an HM Revenue and Customs (HMRC) consultation, which closed at the end of February, could lead to implementation of spot checks on company records as a way of revenue raising. The consultation, 'Business Records Checks', states that 50,000 small businesses will be targeted by HMRC [...]
?? Fraudulent business mileage claims - were you aware ?? The amount to which businesses are losing on fraudulent fuel mileage claims is immense: one in four staff submit fraudulent business mileage claims believes TMC. "The Revenue is not wrong. It's an easy area to prove discrepancies and for HMRC to get some revenue in," says TMC's Paul Jackson. [...]
Fuel rates: used to reimburse business mileage IF you have come to this page looking for the latest Advisory Fuel Rates you need to go here: Company car business mileage rates - the new Advisory Fuel Rates. Most firms pay for the fuel used by their company car drivers on business trips. The taxman has set advisory rates for this [...]