The reputational risk of running a grey fleet includes concerns about environmental impact, safety standards, compliance with regulations, and employee satisfaction.
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Operating a grey fleet oftens means that the vehicles aren’t very environmentally friendly and fuel efficient which can contribute to the business producing higher carbon emissions.
Because company owned vehicles are often brand new, grey fleet vehicles don’t tend to be as safe as these. It is important that all vehicles are subject to regular inspections and maintenance.
Ensuring compliances with vehicle and driver regulations is more challenging with a grey fleet. Things such as inadequate insurance or failure to meet safety standards, can lead to fines and damage your businesses reputation.
If your employees feel that they are not adequately compensated for vehicle use it can lead to dissatisfaction.
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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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