FullCompliance is a web based system designed to meet national HMRC requirements that dealers account for company car user activity.
Adopting a real time solution to driver and vehicle record keeping indicates that your dealership has instilled a robust process designed to comply with these requirements and avoid potential exposure to significant financial penalties.
FullCompliance at a glance
Explained
- Accounts for all mileage on company vehicles whatever the use
- Facilitates private mileage record keeping to the extent that a dealership could opt out of the HMRC Averaging Agreement
- Substantiates dealership fuel policy and produces automated private and business use fuel expenses
- Proves customer and business use only on static demonstrators
- Calculates averaging and benefit in kind (BIK) calculations per band and driver
- Provides driver reports to prove actual vehicle use aligns with driver BIK and banding
Benefits
- Consecutive mileage logs for all company vehicles accounts for all private, business and customer use
- Potential to opt out of the HMRC Averaging Agreement is motivational to drivers and removes static demonstrator restrictions
- Accounting for all Private and Business mileage substantiates that drivers did not benefit from the use of any company or customer-provided fuel
- The production of comprehensive mileage logs for static demonstrators proves they were not used for private use, in accordance with HMRC requirements
- Efficient, automated production of annual HMRC BIK report for vehicles, bandings and driver allocations
- Avoidance of financial penalties associated with unsubstantiated private use of vehicles above allocated banding
