After reviewing a number of PEAK mileage audits it is very interesting to see the amount of companies who thought they were producing adequate mileage expenses for the Revenue, they were surprised with the results that the audit and report revealed.
London (PRWEB UK) 12 September 2013
Fleet Innovations, experts in business mileage expenses and mileage audits today announced the launch of The PEAK Mileage Audit. With the current crackdown and tightening by HMRC in this particular area, Fleet Innovations is offering a simple and effective mileage audit that will look at the following:
- Have drivers been overestimating
- Would your claims stand up to HMRC scrutiny
- How much could be saved if claims were accurate
- What needs to be done to improve accuracy
- What needs to be done to ensure compliance
An HMRC pilot study in 2011 found 40% of small firms did not keep adequate business records, with one of the weakest areas being business mileage. An estimated 20,000 Business Record Checks will be carried out this year on SMEs, increasing to 60,000 by 2015. Recent audits have shown us that most businesses will overpay by at least 10%, some of our audits have shown drivers overestimating by more than 300%.
Fleet Innovations will review customers actual mileage claims and produce an in depth report that is able to show savings and trends so that customers are able to make informed decisions over the management of their fleet, mileage and budgets.
Alex Baker, Managing Director of Fleet Innovations said, “After reviewing a number of PEAK mileage audits it is very interesting to see the amount of companies who thought they were producing adequate mileage expenses for the Revenue, they were surprised with the results that the audit and report revealed.”
The link below will take you to the PEAK Mileage Audit. The template is simple and easy to use.
The service is free if customers complete the template, otherwise there is a one off cost of £250 for one of Fleet Innovation's expert consultants to conduct the audit, using years of experience to spot all the areas where improvements can be made no matter what the fleet size.
Anyone undertaking a full fleet audit will get 10% discount on the PEAK mileage capture system.
Get in touch by email: info(at)fleetinnovations(dot)com or Telephone 0845 6006880.