If the company's vehicles are used privately then both
the employer and employee are required to pay
ABAX is a developer and supplier of Vehicle Tracking Systems, Fleet Management software and Equipment Control technology, to businesses who operate company vehicles. Our products are world-leading in their respective fields and have already helped numerous customers to reduce the overall fuel spend on their company vehicles and eliminate the risk of tax penalties.
Read further or contact our Customer Support if you have questions.
THE FINES FOR THE EMPLOYEE AND EMPLOYER CAN BE UP TO £12,000
Companies that have neglected to maintain their vehicle logs can receive fines of £3,000 back dated up to 6 years. The Tax Authority will then look to collect all unpaid taxes and potentially impose a penalty charge equal to the sum of the unpaid tax. For commercial vehicles, this can equate to £12,000 per vehicle with both the company and employee required to pay back an element of the fine. For company cars, the figures are far more substantial. You can find our Tax Guide here.
Are company vehicles used for private purposes? Are the vehicle costs spinning out of control? Or are you still using handwritten mileage logs? Our world-leading vehicle tracking system automatically logs all trips and completely removes any need for handwritten logs - In addition it eliminates the risk of receiving tax fines!
Our vehicle tracking system follows the recommendations from HMRC regarding mileage claims for personal and company cars .Read more Place order
Next customer is closer to vehicle A but Vehicle B drives there instead. Does this sound familiar? For courier companies, service technicians and several other businesses, it becomes a problem not to be able to keep track of company vehicles.Read more Place order