Taxi Driver Online

Whilst I appreciate it would not be sensible to admit this on a forum a few of the guys I have been talking too have basically come out and said they under inform the books as it were.

Either just pocketing a certain amount of takings without declaring the income or knocking some off of each fair.

Is this common? I can see how easilly it would be done. I guess I'm hoping you tell me some horror stories so I don't find myself silly enough to do it!

What do you think?

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IDFIMH

Well, I do apologise if I've caused any offence.

I guess this isn't the place for my new guy questions!

*runs along*

Sorry.

You haven't, but if drivers didn't pay as much tax as they legally should, do you think they would say so on an open forum on the worldwide web?

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IDFIMH

I wasn't suggesting they would, I suggested the opposite in fact.

Just asking is all.

I think you may find some are a little evassive with their earnings, but, not on this forum cos we're all extremely honest

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Note to self: Just because it pops into my head does NOT mean it should come out of my mouth!!

A fare out and a Return fare back...Two fares one journey..of course we would declare it...we are good,good people..

The taxman works to formulas based on your mileage, fuel & other costs & if investigated that's where they'll base your gross earnings on.

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Watch out curiosity killed the cat

as they say your mileage is your cash register

Were ever did you get that from, i would not help any one who did not pay what they had to, i dont know any one like that myself.

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C. Oakes


The Hackney Association Ltd
bbha@btinternet.com

my tips are my own.....



HMRC (the taxman) has "The Book", which has every trades costs:takings ratios, so for £1 fuel you should take (say) £10

declare you took only £5 and they may dig deeper

mileages are not accurate, especially when the vehicle may aslo be family transport, more likely with a PH or saloon/mpv,etc than london cab

then again, personal use of a vehicle is taxable...

if you have a high percentage of account work then going VAT regd could be a boon

Ive just got some work, going vat regd will make me an extra £800 a year....

(flat rate scheme and cash accounting system)

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Of all the things ive lost, i miss my mind the most

They only allow a certain % for personal use of business vehicle anyway so it doesn't really matter how much you say you use it personally

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Note to self: Just because it pops into my head does NOT mean it should come out of my mouth!!

and if you only have the one vehicle for use business and pleasure they INSIST you must have used it and pay tax on the estimate, ive known some buy an old car and keep it just to avoid the taxman trying this

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Of all the things ive lost, i miss my mind the most

I don't actually think there is anything difficult about this question. You either declare everything you earn and pay the due tax or you don't and pay the due tax. If the tax man thinks you're taking the pi$$ he will investigate if not happy days

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Note to self: Just because it pops into my head does NOT mean it should come out of my mouth!!