Managing benefit-in-kind vehicle use
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Companies whose vehicles are driven for both business and personal us, need to clearly define which miles fall into each category for tax purposes.
Private use of a company vehicle is classed for tax purposes as a benefit-in-kind. Companies need to accurate capture mileage travelled, as well as validate locations travelled to and categorise them as either personal or business trips.
Not accurately recording this information leaves you at risk of non-compliance with HMRC, and potential fines totalling thousands of pounds per annum per employee.
Vehicle tracking provides an accurate and fuss-free way to manage personal mileage.
Read our guide
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