There are approximately 14 million Grey Fleet vehicles in the UK today compared to just 1 million company cars. For more information, read our Grey Fleet report.
WHAT IS GREY FLEET?
A Grey Fleet consists of any vehicle not owned or leased by the organisation that is driven by its employees for work purposes; i.e. anyone driving a personally-owned or leased vehicle using their vehicle for business journeys, excluding normal commuting to and from the usual place of business.
A Grey Fleet can include vehicles bought or leased by employees, such as company ‘cash-for-car’ schemes, and ad hoc usage of employees' privately-owned, leased or hired vehicles.
Companies or organisations will usually reimburse an employee on a pence per mile basis for using their own vehicle for business journeys. HM Revenue and Customs provide guidelines on what can be claimed and any tax implications.