Wednesday, April 24, 2019
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Mileage allowance

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.

BMW i8 image for applying VAT fuel scale charges

Applying VAT fuel scale charges

Applying VAT Fuel Scale Charges is a simple means of recovering the VAT on the private supply of fuel to employees with company cars
AFRs used to claim on company car mileage

What are Advisory Fuel Rates (AFRs)?

Advisory Fuel Rates - or AFRs - are a way of reimbursing mileage incurred in a company car without incurring fuel benefit tax
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What pence per mile should I be paying my drivers?

A business owner wants to know what the correct pence per mile they should be paying their employees for using private cars on business use. Editor Ralph Morton provides the answer
Claiming business mileage undertaken in a private car

AMAPs: the tax-free rates to reclaim mileage for using a private car on business

Approved Mileage Allowance Payments - or AMAPs - are the correct tax-free business mileage rates to be used for reimbursing business mileage undertaken in a private car
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Electric charging tax to replace fuel duty

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...
Chargemaster homecharge

Home charging for electric vehicles (EVs)

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...
Paul Hollick chairman ICFM

HMRC consultation calls into question flat rate expenses for travel

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...
Tim Payne CEO InstaVolt

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

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...
Fuel gauge SEAT

Free fuel and the fuel scale charge

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...
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Car allowance business mileage – can I claim more?

Getting your correct mileage entitlementKeith 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...
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What is mileage allowance relief (MAR)?

 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...
ABAX at work

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

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

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

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

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...
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Daikin stays cool on HMRC business mileage compliance

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...
how to mileage

How to claim your business mileage

Whether you drive a company car, or use your own car on business, you'll need to reclaim, or account for your business mileage. What do you need to know?
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Companies in the dark over correct business mileage rates

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...
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New app keeps track of business mileage

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...
Fuel pump

AA app to track your business mileage

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...
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