I have a client who has up until now used his own car for his employment and claimed the usual 45p and 25p per mile rates.
The employer is now making his employees take company cars to ensure they have reliable travel and has said he will be informing HMRC of the benefits his employees now has.
My question is what is the client now entitled to claim per mile? The 45p accounts for tax, insurance, wear and tear etc and of course the client won't now suffer these costs so I assumed it would be a lower rate. Can anyone clarify this situation please?
Thank you very much in advance.