Must-know information on mileage reimbursement
What is mileage reimbursement?
Mileage Reimbursement is a way for employers to compensate their employees for using their personal vehicles for work-related travel.
How is mileage reimbursement calculated?
The rate at which employees are reimbursed is set by an official body, such as the IRS in the USA or HMRC in the UK, and varies by country. The rate may also fluctuate according to the type of vehicle or number of passengers on a trip.
What’s contemplated in mileage reimbursements?
Mileage reimbursement rates take into account not only the cost of gas, but also expenses such as oil, tires, registration taxes, car insurance, maintenance, and depreciation.
Important: This website is for general information only. Check with your local authority to ensure compliance, as there may be unique factors to consider for your company.
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The Compliance Centre is powered by Rydoo, an expense management solution that automates expense flows, simplifies reimbursement cycles and keeps track of tax, per diem, and mileage regulations.
Receipt scanner
Enables employees to digitise receipts and submit expenses in real time, making the process paperless.
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