Welcome to the sixth and latest edition of the Concur Employee Expenses Benchmark Report. The report is based on analysis of 10.25 million individual expense claims from more than 200,000 UK based employees over the past three years. The analysis reveals areas where businesses continue losing money and how best practices can be implemented.
According to the report for every £100 a UK business paid out in expenses last year, nearly £10 was spent outside their expense policy, costing UK businesses over £692 million.
In addition, businesses are not reclaiming all VAT they should on their expenses (on average, companies only obtain receipts for 90 percent of business travel claims where VAT is reclaimable, though HMRC requires 100 percent).
Download our full Benchmark Report 2012 analysis and learn best practices on how your business can ensure money is not leaking away undetected.