Vehicle Trackings

How to Prove Private Mileage to the HMRC

If you allow your employees to take fleet vehicles home each night, you may need to improve your mileage recording in order to show what the private mileage is to the HMRC.

There are two reasons you should want to know what mileage is private and company. The main reason is for tax reasons. You want to make sure that your employees are not claiming personal mileage for business too.

There is a simple method for learning what mileage is business and private. All you have to do is install a vehicle tracking system on all your fleet vehicles. You will be able to determine right away what mileage is what. The HMRC will accept your vehicle tracking records as proof of private mileage. Many companies are already using the devices for this purpose.

There are various vehicle tracking systems available starting at £12 per month per vehicle. You also do not have to get stuck in a long term contract. You can find short term contracts for 3 to 12 months. The savings you will find in vehicle tracking systems will far outweigh the costs of the system. Companies tend to save 5 to 15 percent just on their fuel bills when reducing speeding and personal mileage usage.

There are also other benefits to using fleet tracking in your company. You save on petrol, increase efficiency, and can gain more consumers. Proving personal mileage is just the icing on your fleet cake when it comes to fleet tracking.