Q:
What are AMAP rates?
A:
AMAP stands for Approved Mileage Allowance Payments. These are payments made to employees for the use of their own vehicle – or grey fleet.
The allowances are designed to include fuel, insurance, servicing and maintenance.
You are allowed to pay employees up to the approved amount of MAPs each year without having to report them to HM Revenue & Customs or pay any tax on them.
These tax-exempt payments are known as 'approved mileage allowance payments' (AMAPs).
Related content
Licence Bureau calls on organisations to get to grips with grey fleet
2 Oct 2018
Licence Bureau is calling on organisations to get to grips with their grey fleets as it sees them struggle to come to terms with drivers using their own vehicles for business.
Enterprise launches car club in Portsmouth
27 Sep 2018
Enterprise Rent-A-Car will operate Enterprise car club vehicles at its new branch in Fratton, Portsmouth.
Older bosses 'less likely' to monitor driver behaviour
27 Sep 2018
More than half of employers (54%) aged over 55 with responsibility for company drivers take no action to monitor or manage their behaviour.
