The most valuable thing in our life is time. In the modern rhythm, it is so important to keep up always and everywhere. We understand this perfectly, so we suggest you not to postpone important trips ?for later?, but to dial the Nikolaev taxi number and be in the proper place at the right time.
Eagle chauffeur is a city carrier that provides you its cars night and day. One of our main advantages is a wide price range. It is possible to order a comfortable VIP-class car or save your budget by hitting the street on an affordable economy option.
You will be content with the standard of services, because our taxi employs experienced drivers and polite dispatchers. Your order will be accepted accurately, a clean car with a heater, air conditioning, no cigarette odor will be quickly sent to you, and safely delivered 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 typical check carried out by any competent inland revenue inspector enquiring into a self assessment tax return would be to check once the taxi driver was on holiday and examine if fuel receipts had been included for this period.
Not many taxation statements are enquired into as the system is situated upon trust but taxi drivers should ensure their accounts 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.
In the event that you run your taxi business from home it is possible to claim a proportion of household expenses as business expenses in the taxi accounts. Household expenses will tend to be disallowed unless they’re either specific to the business enterprise or a specific section of your property is devoted entirely to your taxi business. Using section of a room part time would not be sufficient to include family members expenses in the taxi driver accounts.
It is possible to claim expenses for partners who work with your taxi business and payments around 100 pounds per week would not attract tax or national insurance however any payments claimed in the taxi driver accounts should 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 individuals might use to lessen the tax liability. Care must justify the partner as an expense.
Enter all business expenses in a named expense box on the self assessment tax return. Avoid entries in box 3.63 Other Expenses when possible as any significant amounts in this box may give rise to an Revenue enquiry in to the self assessment tax return.
The best approach to ensuring the taxi drivers tax bill is as low as possible in the future is undoubtedly to meticulously maintain good records of all taxi receipts and expenses and mileage covered that provides the chance 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 often does change through the financial year.
In general when a more costly taxi cab is purchased then your capital allowance of 3,000 pounds will often outweigh the potential mileage allowance although if the vehicle is low value the mileage allowance may be the best option and a way of saving valuable tax pounds which 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 do the job.