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 Post subject: Taxes.
PostPosted: Thu Jul 19, 2018 2:27 pm 
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Joined: Thu Aug 28, 2014 9:06 pm
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Hey just started back as a taxi driver this year having previously done it a long time ago... back when we used the radio before pda system came into play.

Just visited the accountant today and along with my own accounts requested my pda's year printout to see if my numbers match up with the jobs... i have been declaring exactly what i've made but got me wondering how other drivers that decide to get a little creative have done so... and how risky it is as i've heard of a few cab offices getting a visit for audits.


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 Post subject: Re: Taxes.
PostPosted: Thu Jul 19, 2018 2:59 pm 
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Joined: Sat Apr 01, 2006 10:47 pm
Posts: 11441
Location: Stamford Britains prettiest town till SKDC ruined it
some of us STILL use radios :wink:

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 Post subject: Re: Taxes.
PostPosted: Thu Jul 19, 2018 6:53 pm 
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Location: Clandestine, soon to be Russia.
fendertele wrote:
Hey just started back as a taxi driver this year having previously done it a long time ago... back when we used the radio before pda system came into play.

Just visited the accountant today and along with my own accounts requested my pda's year printout to see if my numbers match up with the jobs... i have been declaring exactly what i've made but got me wondering how other drivers that decide to get a little creative have done so... and how risky it is as i've heard of a few cab offices getting a visit for audits.


I clear mine at the end of every shift.


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 Post subject: Re: Taxes.
PostPosted: Fri Jul 20, 2018 4:09 am 
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Joined: Thu Aug 28, 2014 9:06 pm
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lol really ? do tell as my company keep all the data on retention for audits and the like, how do you clear your data mate ?


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 Post subject: Re: Taxes.
PostPosted: Fri Jul 20, 2018 12:55 pm 
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Location: A City near Birmingham
fendertele wrote:
lol really ? do tell as my company keep all the data on retention for audits and the like, how do you clear your data mate ?


and its all stored on the despatch systems server

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 Post subject: Re: Taxes.
PostPosted: Fri Jul 20, 2018 4:04 pm 
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Joined: Thu Aug 28, 2014 9:06 pm
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yeah i thought it would be retained for audits and such, so how do some drivers feel safe to not declare everything ? surely this information that is stored will point to difference in incomings.


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 Post subject: Re: Taxes.
PostPosted: Fri Jul 20, 2018 8:23 pm 
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Joined: Sat Aug 04, 2012 10:17 pm
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Do flaggers go through the pda system?


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 Post subject: Re: Taxes.
PostPosted: Sat Jul 21, 2018 7:14 am 
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Joined: Tue Apr 03, 2007 10:27 pm
Posts: 17339
I think your accountant is being over zealous. We are a limited company and our accountant doesn't ask for any proof of what the drivers have earned, That is the drivers who are on the books and the VAT inspector didn't ask for any evidence to support what we said the drivers earned.

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 Post subject: Re: Taxes.
PostPosted: Sun Jul 22, 2018 5:48 pm 
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Location: A City near Birmingham
roythebus wrote:
Do flaggers go through the pda system?


only if you push "hired" and log a destination....

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 Post subject: Re: Taxes.
PostPosted: Sun Jul 22, 2018 6:58 pm 
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Joined: Tue Feb 03, 2015 5:16 pm
Posts: 128
Location: glasgow
roythebus wrote:
Do flaggers go through the pda system?


yes

our system is gps based and records when and where you engage your meter,and when and where you drop and become available again as well as recording all your jobs booked through the system
,and in answer to a previous question,hmrc came to our base and took all the data from the system for the last seven years,resulting in some guys getting done for up to 40k,so yes,they do take all of your journeys and compare it to your declared earnings and then go after you,one guy i know is getting done for 15k,hmrc told him how much they want per month till its clear,no negotiating,no offers,pay up or else

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 Post subject: Re: Taxes.
PostPosted: Mon Jul 23, 2018 12:41 pm 
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Joined: Thu Dec 15, 2011 7:45 am
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Location: Clandestine, soon to be Russia.
grandad wrote:
I think your accountant is being over zealous. We are a limited company and our accountant doesn't ask for any proof of what the drivers have earned, That is the drivers who are on the books and the VAT inspector didn't ask for any evidence to support what we said the drivers earned.



HMRC will if they ever drop on you.


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 Post subject: Re: Taxes.
PostPosted: Mon Jul 23, 2018 4:59 pm 
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Posts: 21604
Location: A City near Birmingham
jozefbloggz wrote:
roythebus wrote:
Do flaggers go through the pda system?


yes

our system is gps based and records when and where you engage your meter,and when and where you drop and become available again as well as recording all your jobs booked through the system
,and in answer to a previous question,hmrc came to our base and took all the data from the system for the last seven years,resulting in some guys getting done for up to 40k,so yes,they do take all of your journeys and compare it to your declared earnings and then go after you,one guy i know is getting done for 15k,hmrc told him how much they want per month till its clear,no negotiating,no offers,pay up or else


avoid technology...

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 Post subject: Re: Taxes.
PostPosted: Mon Jul 23, 2018 10:18 pm 
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Joined: Sat Aug 04, 2012 10:17 pm
Posts: 2232
Where I used to work in New Romney there was only one h/c, the rest were p/h all one-man firms. Talking to the h/c driver one evening he told me he had a bill of so-many thousands in tax. I told him he was working too much. The next night I asked him roughly how miles a year he done, running costs etc, tyre costs. i put those through my spreadsheet and found that if he'd done 10,000 miles a year less, he'd be better off by about £5k by making less profit, therefore less tax! Most jobs he was doing weren't even covering their cost.


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 Post subject: Re: Taxes.
PostPosted: Tue Jul 24, 2018 9:03 pm 
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Location: 1066 Country
roythebus wrote:
Most jobs he was doing weren't even covering their cost.

Country is full of taxi/PH drivers who haven't a clue what their actual running costs are.

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 Post subject: Re: Taxes.
PostPosted: Wed Jul 25, 2018 3:34 pm 
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Joined: Tue Apr 29, 2008 3:06 pm
Posts: 21604
Location: A City near Birmingham
roythebus wrote:
Where I used to work in New Romney there was only one h/c, the rest were p/h all one-man firms. Talking to the h/c driver one evening he told me he had a bill of so-many thousands in tax. I told him he was working too much. The next night I asked him roughly how miles a year he done, running costs etc, tyre costs. i put those through my spreadsheet and found that if he'd done 10,000 miles a year less, he'd be better off by about £5k by making less profit, therefore less tax! Most jobs he was doing weren't even covering their cost.



A hack on a rank declared every job?


Saint Cabbie!

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