And HMRC is watching out for it. The Government’s tax collectors pay close attention to record-keeping around business mileage, and they expect businesses to do likewise. Specifically, businesses need to provide information about business trips that includes: the date of travel, total mileage covered per individual journey, the reason for the trip, whether the driver incurred any other expenses, and what vehicle the driver was using.
Benefits to business
Aside from avoiding penalties from HMRC, accurate mileage recording can provide real benefits to businesses. It can highlight trends that may, in turn, identify high-risk drivers who might need extra training. And it can help organisations to calculate their emissions, which is the first step to reducing them.
There are other gains to be made, depending on how an organisation manages its mileage. An automated solution can free up time, sparing employees from having to manually sort through receipts and expense reports.
Using the right tool for the job
When it comes to mileage recording, there’s no one-size-fits-all solution. It all depends on the size of the organisation, the available budget, the frequency of business journeys – and, of course, company culture.
Here’s our round-up of the options:
To find out more about how LeasePlan can help manage your mileage, get in touch with our expert team today. Simply call us on 0344 493 5810 or fill out our online form.
Sources and notes
YOU MAY ALSO BE INTERESTED IN…