Prevent heavy penalties by using the ABAX Triplog

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ABAX Triplog
HMRC can issue fines on records up to 6 years old if they fail to keep appropriate records of the following things:
    • Benefits being assessed
    • Interest on underpaid tax
    • Penalties based upon circumstances
The amount of the fine depends on the severity of the behaviour and whether the business was forthcoming disclosing their records.
    • If the business has been careless in their behaviour, they risk a 0-30% unprompted disclosure or a 15-30% prompted disclosure.
    • If the business has been deliberate in their behaviour, they risk a 20-70% unprompted disclosure or a 35-70% prompted disclosure.
    • If the business has been deliberate and concealed in their behaviour, they risk a 30-100% unprompted disclosure or a 50-100% prompted disclosure.
The ABAX Triplog ensures that mileage claims are 100% accurate by clearly and easily categorising whether mileage has been private or business. We are aware that not all individuals keep track of the Tax Authority’s rules, which is why at ABAX we do that for you, so you can avoid worrying.

Make sure you are well prepared in 2016 and buy an ABAX Triplog today.

ABAX Triplog