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Fuel Reimbursement. Is it best to use flat rates or the actual cost of fuel?The Miles Consultancy NewsThe Miles Consultancy News

A huge number of variables affect fuel consumption, making it extremely rare for drivers to obtain exactly the same mpg, even from identical cars. So is it wise to set flat pence-per-mile rates for fuel expenses? Flat Rates are easy to work with. Most fleets that use them apply the Advisory Fuel Rates (AFRs) published by HMRC. Flat Rates don’t require you to capture fuel information (apart from receipts for reclaiming VAT if you don’t use

TMC cost-saving data solution for CV fleets wins international awardThe Miles Consultancy NewsThe Miles Consultancy News

TMC has been presented with an award for Best Use of Data by the International Auto Finance Network (IAFN) for its enhanced data solution, which will save just one of the company’s commercial fleet customers over £1 million in 2017. “This simple yet sophisticated solution reduces fleets’ admin and compliance burden and delivers real savings,” said the IAFN judges of the service, which consolidates, analyses and audits mileage and fuel

Reporting – “You can’t manage what you don’t measure” Peter DruckerThe Miles Consultancy NewsThe Miles Consultancy News

Mileage - the key to controlling fuel costs.   Reporting makes fuel cost control possible. Knowing your fleet’s total annual fuel purchases and vehicle mileage won’t help. The answers are all in the detail: • Business vs. private mileage splits • Specifics of each business journey (needed for audit purposes and HMRC compliance) • Actual mpg (obtained by dividing recorded mileage by litres of fuel used) • Actual fuel cost

HMRC consultation calls flat rate mileage and fuel expenses into questionThe Miles Consultancy NewsThe Miles Consultancy News

Business travel data specialist TMC is urging companies to respond to a new HMRC consultation document that questions whether flat rate expenses such as Approved Mileage Allowance Payments (AMAPs) are still appropriate. TMC, which captures and processes mileage and fuel expense data from over 100,000 UK and European drivers, says fleets should take this important opportunity to make their voice heard. HMRC’s call for evidence about taxati