Re: HMRC fuel rates and company expenses : Mon Sep 24, 2012 2:38 pm
AJW wrote:
I currently have a company car and get my fuel reimbursed through expenses at the HMRC rate (15p a mile)
Our company uses Global Expense system which calculates the distances I cover based on post codes.
When I submitted my mileage this month the system told me I needed to supply more fuel receipts as I was claiming back more than I should but I had no more fuel receipts to submit.
The crux of this is clearly that my car is using less than 15p of fuel per mile, but how do I stand from a expenses vs benefits standing as over the year as I will undoubtably claim back more than I have spent?
Here's a worked example:
Last week I travelled approx 650 miles and spent £85 on fuel. The system calculates I should get back £97.50 and therefore tells me I need another receipt which I don't have.
Is the £12.50 I've gained technically a benefit even though it's based on HMRC's figures and the system will not allow me to claim anything but that rate?
I've asked various finance and fleet people but can't get a sensible answer beyond "we use HMRC figures"
Any ideas?
Our company uses Global Expense system which calculates the distances I cover based on post codes.
When I submitted my mileage this month the system told me I needed to supply more fuel receipts as I was claiming back more than I should but I had no more fuel receipts to submit.
The crux of this is clearly that my car is using less than 15p of fuel per mile, but how do I stand from a expenses vs benefits standing as over the year as I will undoubtably claim back more than I have spent?
Here's a worked example:
Last week I travelled approx 650 miles and spent £85 on fuel. The system calculates I should get back £97.50 and therefore tells me I need another receipt which I don't have.
Is the £12.50 I've gained technically a benefit even though it's based on HMRC's figures and the system will not allow me to claim anything but that rate?
I've asked various finance and fleet people but can't get a sensible answer beyond "we use HMRC figures"
Any ideas?
I have had the opposite problem, I am on 12p per mile for a 1600 diesel and last month I used £420 ish in fuel to do company business, but the rate calculated it at only £389. My company will not budge on the 12p rate and told us to take it up with the HMRC. I can only assume that if I am allowed to lose money, you should be able to gain money.
Ironically, my manager has the 2000cc version of my car and gets 15p, but he consumes less per mile than me (and I don't hammer it, I usually cruise at about 60mph to keep my contributions to the company coffers to a minimum.)