Smart Miles - Save money and reduce tax on cash allowances
- October 2011
- 86 KB
- Smart Miles - Save money and reduce tax on cash allowances (PDF)
- Area: Charities and Not For Profit
SMART Miles is a proposition based on adjustments to the way in which you as an employer structure the payment of your cash allowance to employees who use their own cars for business travel.
If your employees currently receive a fixed cash allowance, use their private car for business mileage and are reimbursed at less than 45p per mile, then SMART Miles can typically deliver considerable savings to both you and your employees.