The HMRC Advisory Fuel Rates are used to reimburse employees for business travel in their company cars. However, these Advisory Fuel Rates can also be used to calculate the fuel portion of a mileage claim when claiming VAT on mileage expenses. The HMRC Advisory Fuel Rates are guideline rates, that can be paid tax free, and […]
The Advisory Fuel Rates, set by HMRC, are used to reimburse employees for business travel in their company cars. The HMRC Fuel Rates are guideline rates, that can be paid tax free, and are based on the engine size and fuel type of your car. Hybrid cars are treated as either petrol or diesel cars […]
Did you know you can claim back VAT on mileage expenses? If you drive your own car for business and claim mileage expenses (e.g. 45ppm), then your business can claim VAT on the fuel portion of the mileage expense – as long as your business is VAT registered (not flat-rate). […]
As an employee, you are often required to use your own car for business trips. Your employer may allow you to claim a mileage allowance. But what is the tax position? Do you have to tell HMRC and is there tax and National Insurance to pay? And what happens if your employer does not pay […]
Do you drive your own car or ride your bike for business? If so, you may be able to claim mileage expenses. Using the infographic below, you’ll find it easy to get to grips with what you can and cannot claim and how to go about it. To claim business mileage expenses tax free, […]
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