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BiK Rates Company Car Tax

Fleets reaping benefits from mileage claim system

The company’s electronic Triplog automatically documents all driving via GPS, calculates mileage and distance meaning that businesses and drivers can comply with HMRC without drivers having to pay BiK on ‘free fuel’ or fleets being liable for the Class 1A NICs.

Chris Miller, ABAX UK quality manager, said an example would be if an employee earns a salary of £45,000 and drives 5,000 private miles and 15,000 business year each year. For 2014/15, Miller states this employee saves £1,344 and the business he works for £885. 

Kelvin Goulden, from KA Goulden Electrical, a Spalding company which has implemented ABAX’s Triplog, said: “We recovered the first six months of cost of the system in the first eight weeks. The drivers are not using vehicles for private use in the same manner that they were before and the journey times have been cut as the drivers tend to take more direct routes now. Financially this has been very good for us.” 

Paul Kilby, from Tee-Kay Packaging, a Peterborough business now also using ABAX Triplog, said: “ABAX has given us greater control. Transport is a big cost and you need to stay on top of it. ABAX allow us to do this.”

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Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.