Mileage management experts TMC has published an updated
version of its guide to reimbursing drivers of company-run or ‘grey fleet’
electric and plug-in hybrid vehicles.
‘Electric Vehicle Fuel Rates - a TMC Guide’ shows how fleets using electric
vehicles and plug-in hybrid electric vehicles can calculate their own rates in
the absence of Advisory Fuel Rates and Approved Mileage Allowance Payments
(AMAPs), which still only cover petrol and diesel vehicles.
First issued last year, the guide has been updated in
line with the latest HM Revenue and Customs (HMRC) advice on reimbursing
employees for electricity supplied at their home and/or at their workplace.
Paul Hollick, managing director of TMC, said:
“Reimbursement remains a significant area of uncertainty for companies
considering adopting electromobility, so everyone will be watching how HMRC
respond to the new
petition organised by the Association of Car Fleet Operators asking
it to publish AFRs for plug-in cars, which we are very much behind.
“In the meantime, the key point businesses and drivers
should bear in mind is that fuel cost-savings from electric vehicles are
already here for the taking. Our guide describes how to capture those savings
today by paying rates that fairly reflect electric vehicles’ real-world
cost-per-mile potential, using methods that fully comply with the rules on fuel
reimbursement. Don’t let the lack of an ‘official rate’ hold you back.”
TMC’s audited fuel data and driver reimbursement services
cover more than 100,000 fleet vehicles in the UK and Europe. The company offers
its customers automatic calculation and settlement of plug-in drivers’ fuel
expenses alongside its products for combustion vehicles.
Some of TMC’s customers feed data from their workplace
electric vehicle charging stations directly to TMC. The company then combines
that data with information from its mileage capture and expense management
tools, including the drivers’ use of public charging facilities, to
automatically calculate accurate monthly reimbursement figures.
TMC’s guide also contains advice on settling claims for
business mileage incurred by private plug-in owners, describing how fleets can
calculate the correct adjustments to AMAPs.
To obtain a copy of the guide, visit https://themilesconsultancy.com/whitepapers/ev-reimbursement-guide/,
or contact TMC directly.