The most valuable part of our life is time. In the modern rhythm, it is so important to continue 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 right place at the right time.
Our service Nikolaev taxi is a city carrier that provides you its cars night and day. Among our main advantages is a wide price range. You can order a comfortable VIP-class car or save your valuable budget by hitting the road on an inexpensive economy option.
You will be content with the quality 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 undoubtedly 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 costs in box 3.46 cost of sales not motoring expenses. A standard check carried out by any competent inland revenue inspector enquiring right 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 because the system is situated upon trust but taxi drivers should ensure their accounts usually do not contain this fundamental tax fiddle. Taxi running costs likewise incorporate 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 business from home you can claim a proportion of household expenses as business expenses in the taxi accounts. Household expenses will tend to be disallowed unless they are either specific to the business enterprise or a specific section of your home is devoted entirely to your taxi business. Using section of a room part time wouldn’t normally be sufficient to include family members expenses in the taxi driver accounts.
maxicab can claim expenses for partners who work with your taxi business and payments up to 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 view on taxi expenses claimed for partner are it is an area some individuals might use to reduce the tax liability. Care is required to 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 when possible as any significant amounts in this box can provide rise to an Revenue enquiry into the self assessment tax return.
The best method of 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 all taxi receipts and expenses and mileage covered that provides the opportunity for taxi drivers to compare the taxi running costs against mileage allowances and pick the most tax efficient option. Your choice to claim mileage allowance or taxi running costs can and often 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 often 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 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.