Cybit, the leading Telematics Service Provider, has launched a new Tax & Expense Manager module for its Fleetstar-Online fleet tracking and vehicle telematics solution. The new Tax & Expense Manager module benefits both finance departments and individual drivers by enabling driver authentication and verification of business and private mileage via a secure website.
Companies can now, for the first time, easily identify potential taxation liability issues and provide proof of business vs private mileage for HMRC. An online driver authentication website allows individual journeys to be verified by the driver or manager ensuring that records are accurately kept and retained.
The employee can benefit from an expenses management tool through a paperless expense management system. From a corporate perspective, the service helps mitigate the risk of any negotiated exceptions being withdrawn by HMRC through the provision of accurate records and proof of journey type.
John Wisdom, Cybit’s Sales and Marketing Director commented: "The provision of tools such as Tax Manager is opening up telematics to a new generation of users: the drivers themselves. It provides them with less administration and is a simple method of record keeping. The service also provides opportunities to gain employee buy-in and begin an education process that examines the broader benefits of vehicle telematics.”
Cybit is a global force in Telematics, operating within three core sectors: Internet-based vehicle Telematics solutions; Economic Exclusive Zone (EEZ) Management; and Private Mobile Radio (PMR) based asset tracking and precise positioning solutions.
In the vehicle Telematics sector, Cybit is one of Europe’s leading Telematics Service Providers. More than 2,000 business-to-business clients use the company's fleet and asset management solutions to manage in excess of 50,000 assets primarily in the public sector, service industries and logistics and distribution markets. Solutions include in-vehicle technologies, workflow management, CanBus integration and internet-based monitoring and reporting software. The company also provides consulting services to advise on operational and legal issues such as duty of care and working hours.
Additional information is available at: www.cybit.co.uk
IBA - PR for Cybit
Tel: 01780 721 433
Marketing Manager, Cybit
Tel: 01480 389100