Any tax related information is meant as a reference only.1
Company vehicles are a valuable benefit for employees. But they also have tax implications, including penalties for businesses that fail to comply with the rules.
With the right tools and knowledge, you can be tax smart by using an electronic mileage log such as WEBFLEET Logbook.
1 While Webfleet Solutions (TTT) and Grant Thornton UK LLP (GTUK) have sought to ensure that the information contained in this guide is accurate, the content is not intended to be legally or technically comprehensive and neither TTT nor GTUK shall be held liable for any errors or omissions. The contents of the guide should be used for reference purposes only and both TTT and GTUK recommend that no action be taken on any matter in the guide without the reader taking independent professional advice. The information in the guide is based on current tax rates, legislation and HMRC's practice as at the date of the guide which may be subject to future change. The information in this guide has not been prepared to take into account the reader’s individual circumstances. To ensure compliance with your tax obligations, always seek individual advice from a legal counsel or a qualified tax compliance specialist. For the avoidance of any doubt, Webfleet Solutions does not warrant or imply that the use of its products or services can in itself guarantee compliance with your tax or legal obligations.