Question

What are the tax implications of mileage tracking?

Mileage tracking ensures compliance with tax regulations and supports accurate reimbursements.

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The tax implications of mileage tracking include

Tax deductions

Accurate mileage tracking allows businesses and individuals to claim deductions for business-related travel expenses.

Compliance

Detailed logs are required by HMRC to validate mileage claims.

Audits

Proper records can help avoid penalties for work.

Tax savings

Maximises potential tax savings by accurately documenting deductible mileage.

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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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