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HMRC figures reveal lower fuel prices have led to more miles driven

Both business and private drivers clocked up more miles this February as they took advantage of fuel prices 22p a litre lower than 12 months ago, according to figures released by HM Revenue and Customs (HMRC). Total fuel sales were up 3.5% – 133 million litres – on February 2014 with 3.8bn litres of petrol […]

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HMRC Advisory Fuel Rates see a decrease with effect from 1 March 2015

HMRC Advisory Fuel Rates see a decrease with effect from 1 March 2015

HMRC have announced the new advisory fuel rates, which organisations use to reimburse drivers for fuel used on business journeys, which apply to all journeys on or after 1 March 2015. The new advisory fuel rates are listed below in bold, previous rates in brackets: Engine size Petrol             LPG 1400cc or less             11p      […]

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Claim Mileage – Get a New Car

Claim mileage and buy a new car. That’s exactly what Mike LaPac a Worcestershire business man did once he started to use the PEAK Mileage Expenses System. Before using PEAK, Mike rarely claimed any mileage and if he did he always under claimed. Since using PEAK Mike is now claiming mileage every month and this […]

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Current HMRC Advisory Fuel Rates AFR

HMRC Advisory Fuel Rates AFR – All rates from December 2009 up to Present Day Advisory fuel rates from 1 December 2014 Current rates apply from 1 December 2014. You can use the previous rates for up to 1 month from the date the new rates apply. Engine size Petrol LPG 1400cc or less 13p […]

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Mileage Expenses, HMRC Compliance and How to Avoid Costly Surprises.

Mileage Expenses, HMRC Compliance and How to Avoid Costly Surprises.

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Mileage Expenses, HMRC Compliance Did you know that one of new customers contacted us because an HMRC crackdown on mileage expenses cost them £34,000 per driver… If you have been reading any of the fleet and finance press you will have probably seen the various articles and features on the importance of accurate mileage expenses […]

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Tax and business mileage – keeping within the rules

Tax and business mileage – keeping within the rules

As HMRC begins to reinforce the ten-mile rule on reporting business mileage, it is increasingly important to make sure that your business drivers are totally compliant with the new rules, says Nigel Morris, finance director at Fleet Innovations. Business mileage is travel that an individual is necessarily obliged to do in the performance of his or […]

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Ray Mallon: ‘Mileage was part and parcel of my salary package and I’ve claimed for 12 years’

Middlesbrough Mayor responds to Gazette investigation into mileage expenses claimed by councillors at the authority. Mayor Ray Mallon has responded to details of the mileage claims. The independent mayor provided a lengthy statement in which he also spoke for the five Labour and one independent councillors. We have reproduced it in full below. Mallon said […]

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Accurate Mileage Records a Must for businesses

Accurate Mileage Records a Must for businesses

Businesses are paying fines and penalties totalling hundreds of thousands of pounds to HM Revenue and Customs (HMRC) after investigations revealed inadequate business and private mileage records. The issue is in the top 10 risk areas of employment tax compliance management, according to tax advisers Grant Thornton. Mileage capture experts Fleet Innovations has undertaken 72 […]

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Plans to cut councillors’ mileage expenses

County councillors’ who use their cars on local authority business are to take a cut in their mileage expenses under new plans. Currently members in Staffordshire can claim 50p a mile for journeys taken for work but are considering giving themselves a 5p pay cut ‘in the interests of fairness’ to bring themselves in line […]

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Self employed doctor lost his battle with HMRC over mileage claims

Self employed doctor lost his battle with HMRC over mileage claims

If you are self employed and work from home – you may need to review your mileage claims following a decision from HM Revenue and Customs (HMRC). From: http://www.peterboroughtoday.co.uk/news/business/business-news/business-surgery-changes-to-tax-relief-on-travel-from-a-home-office-1-6142656 A self employed doctor lost his battle with HMRC over mileage claims between his home office and other places of business. The decision impacts on any […]

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