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 never to postpone important trips ?for later?, but to dial the Nikolaev taxi number and be in the proper place at the right time.
Our service Nikolaev taxi is a city carrier that provides you its cars around the clock. One of our main advantages is a wide price range. It is possible to order a cushty VIP-class car or save your budget by hitting the street on an inexpensive economy option.
You will be content with the standard of services, because our taxi employs experienced drivers and polite dispatchers. Brighton airport transfer will undoubtedly be accepted accurately, a clean car with a heater, air conditioning, no cigarette odor will undoubtedly 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 costs in box 3.46 cost of sales not motoring expenses. A typical check carried out by any competent inland revenue inspector enquiring right into a self assessment tax return would be to check when the taxi driver was on holiday and examine if fuel receipts have 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.
If you run your taxi business from home you can 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 property is devoted entirely to your taxi business. Using part of a room part time wouldn’t normally be sufficient to include the household 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 wouldn’t normally attract 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 take on taxi expenses claimed for partner are it is an area some people might use to lessen the tax liability. Care is required to justify the partner being 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 can provide 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 you possibly can in the future is undoubtedly to meticulously maintain good records of all 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 automobile is low value the mileage allowance may be the best option and a way 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.