
Grey fleets risk compliance, liability, insurance issues, safety concerns, inconsistent vehicle standards, and potential reputational damage.
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Ensuring employees vehicles are kept roadworthy and meet all legal requirements can be challenging. If the vehicle is not compliant the business could face legal liabilities.
Employees must have adequate business insurance to cover their vehicle. If they do not and they have an accident this can incur costs for the business.
Businesses have a duty of care to ensure the safety of their employees while they are driving for work purposes. If the vehicle is not properly maintained it could pose health and safety risks.
With a grey fleet, there is a lack of control over the standard of vehicles being used. This can lead to inconsistencies in fuel efficiency and general reliability.
Employee’s personal vehicles may not be as fuel efficient or environmentally friendly as a company owned fleet. This potentially may increase the businesses carbon footprint.
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January 17th, 2025
If you drive for business, understanding HMRC’s mileage rates is essential for claiming fuel and other expenses. These rates, known as Advisory Fuel Rates (AFRs), apply to company cars and vans.
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