HMRC have announced the updated list to come into effect from June 1st for rates used to reimburse business travel.
The big news is that whilst all rates have increased by at least one pence (depending on engine size) for petrol and diesel vehicles, the advisory electric rate for fully electric cars has reduced to 8 pence per mile.
This is sure to cause a stir!
With that said, remember that ensuring drivers are correctly and fairly reimbursed for business mileage or deducted for private fuel is something TMC specialise in. Our tailored solutions can help your business, be it through mileage capture, fuel management or our reporting.
Payroll and reporting can be complex, so we’d be happy to discuss and provide a solution that works for you!
