Do you drive a company vehicle? Or have a fleet of vehicles?
You must submit a mileage claim to be reimbursed for your business mileage and to be exempt from taxation.
To avoid expensive fuel benefit-in-kind (FBIK) charges, the business must be able to demonstrate a clear separation between the fuel used for business travel and private travel. HMRC consider failure to maintain proper accounting records a serious offence, so it is vital records are accurate and auditable.
This white paper outlines the cost of getting your mileage records wrong, and how to ensure that they are correct, to prevent eye-watering fines from the HMRC!
DOWNLOAD our white paper now to ensure you are compliant!