Log of driving | Free template

Log of driving is a free template to register business driving and private driving. This template for log of driving can be used by staff or self-employed to report the mileage in business and in private.

A log of driving form the basis for payroll when compensation for business driving should be paid, salary deductions for private driving shall be made or the taxable benefits of fuel should be calculated for private driving.

If an employee or self-employed have been driving in business with his private car and himself paid for fuel, he shall probably receive mileage compensation and then this log of driving form the basis this payment and the cost incurred for the business driving in the company.

If a worker has been driving in business with a business car, but himself paid for the fuel he shall probably receive mileage compensation and then this log of driving form a basis for this payment and the cost incurred for the business driving in the company.

If the company pays fuel to an employee or a self-employed for both business driving and private driving, then the benefit of free gasoline for the private car is entered as a taxable benefit, unless the employee pays this benefit with a net deduction of wage. If the deductions from salary are made from the gross salary the benefit of free gasoline should be entered. A log of driving therefore also is valid for the calculation of the taxable benefit of free fuel and wage deduction for fuel.

A taxable benefit can also arise if paid mileage exceeds the tax-free mileage compensation.

In this template for log of driving you enter opening mileage, number of mileage in business and in private and outgoing mileage at the end of the period. The template also specifies the amount of compensation per kilometer to be paid to the employee or self-employed. Updated: 01/01/2015 | Created by All-templates.biz

Download Log of driving | Free template »

Tags: payroll record keeping