Taxi Driver Online

hi all me again with yet another question!
how much do you all put aside from your weekly takings for tax an NI

If you put about 20% away, that should be enough for when the tax bill comes & should leave you a bob or two for a very good weekend away!!

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Kind regards,

Brummie Cabbie.

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after costs and tax allowances, including 40% capital write-down allowances (year 1, then 20% yr2-4), you may not need any to hold any back......

renting a car to being with, till i can affford to get my own

things have changed this year, to do with how your emissions are rated


http://www.rossmartin.co.uk/index.php/c ... allowances

Like most, not enough.

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IDFIMH

ask for a reciept for any rentals/settle you hand over, if it includes VAT make sure thats shown together with the vat reg number

ill have to rent the car off the wife then, 100% tax allowable at source, she can register as a zero profit business owning 1 car ---- mine

that way i can claim £6500 car rental each and every year, she makes nothing thanks to her personal tax allowance, if she goes ltd she could easily be off work sick for 6 months (stress) and get £70/wk SSP refunded off HMRC.....

pmsl......every holes a goal

or as my accountant said once "why do you employ me?"