The most valuable thing in our life is time. In the present day rhythm, it is so important to continue always and everywhere. We understand why perfectly, so we suggest you not to postpone important trips ?for later?, but to dial the Nikolaev taxi number and become in the proper place at the proper time.
Taxi halbeath is really a city carrier that offers you its cars around the clock. One of our main advantages is really a wide price range. It is possible to order a cushty VIP-class car or save your valuable budget by hitting the road on an inexpensive economy option.
You will be satisfied with the caliber of services, because our taxi employs experienced drivers and polite dispatchers. Your order will be accepted accurately, a clean car with a heater, air-con, no cigarette odor will be quickly sent to you, and safely sent to your destination.
Taxi Running Costs
When completing the self assessment tax return taxi drivers should enter fuel prices in box 3.46 cost of sales not motoring expenses. A standard check carried out by any competent inland revenue inspector enquiring into a self assessment tax return would be to check when the taxi driver was on christmas and examine if fuel receipts have been included for this period.
Not many tax returns are enquired into as the system is based upon trust but taxi drivers should ensure their accounts usually do not contain this fundamental tax fiddle. Taxi running costs also include repairs, servicing and parts including tyres, road tax, taxi insurance and AA/RAC membership. Include radio hire and taxi office costs generally administrative expenses.
Household expenses
In the event that you run your taxi home-based business it is possible to claim a proportion of household expenses as business expenses in the taxi accounts. Household expenses are likely to be disallowed unless they are either specific to the business enterprise or a specific area of your home is devoted entirely to your taxi business. Using part of a room part time would not be sufficient to include family members expenses in the taxi driver accounts.
Spouse Costs
You can claim expenses for partners who work with your taxi business and payments up to 100 pounds per week would not attract income tax or national insurance however any payments claimed in the taxi driver accounts must be real payments for real work done. The Revenue naturally adopt a strict view on taxi expenses claimed for partner are it is an area some people might use to reduce the tax liability. Care must justify the partner being an expense.
Other Expenses
Enter all business expenses in a named expense box on the self assessment tax return. Avoid entries in box 3.63 Other Expenses if possible as any significant amounts in this box may give rise to an Revenue enquiry into the self assessment tax return.
The best approach to ensuring the taxi drivers goverment tax bill is as low as you possibly can in the future is undoubtedly to meticulously maintain good records of most taxi receipts and expenses and mileage covered which offers the opportunity for taxi drivers to compare the taxi running costs against mileage allowances and choose the most tax efficient option. Your choice to claim mileage allowance or taxi running costs can and frequently does change during the financial year.
In general when a more expensive taxi cab is purchased then your capital allowance of 3,000 pounds will most likely outweigh the potential mileage allowance although if the vehicle is low value the mileage allowance may be the best option and a method of saving valuable tax pounds that you are entitled to. The very best taxi accounting software will automate the comparison of taxi mileage allowances with taxi running costs doing the taxi accountants work for you.