Taxi Driver Online

My tax return has always been done by an accountant, however I have now decided to do it myself (had a bit of an argument with the accountant).

Anyway due to health issues I have not worked a lot during the last year, around 10k miles. I have spent some time reading up on this and asked friends therefore know most areas.

However does anyone have any info on working out the expenses for taxi and personal use? with this I mean say I drove 2k miles for personal and 8 k miles for taxi - should I only claim 80% of the Road Tax + all other associated costs?

Additionally as mentioned this year due to hesalth reasons I will probably break even or even make a lost, if I do make a lost will it be carried over to next year?

Lastly I cannot find my diesel (fuel) receipts, (must of put in a safe place) as I cannot find these should I have a good guess at what I spent? or legally should I only claim if I have the fuel receipts? even though I obviously must of used fuel.

If someone has a sample Tax Return I would be very very grateful.

Thanks

You do not have personal use in a licenced taxi

I've always done my own tax return. Only fill in about 5 or 6 boxes in total (on about 2/3 pages) if you declaring under £15,000 it's pretty straight forward.

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

Sorry Skippy41 but this is not correct, I am no expert in this field either. I just rang my local HMRC and they confirmed that I need to work out the percentage for personal/Taxi and use that percentage for the costs etc.

toots - yep _ definitely will have under 15k.

I am only starting to look into this, and must admit it is fairly straight forward. Feel a bit of an idiot having paid an accountant for years!

for anyone in this position, why not buy a £50 banger and lock it away, then theres no way HMRC can claim you use your HC for personal use is there....

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

They usually only allow around 5% for personal use. If you take your figures to the tax office they will help you fill in the form (they show you what goes where). They did with me the first time I did it. I'm sure as it goes there is one box that you fill in saying total figure is under £15,000 which then directs you to the last or nearly the last page. On that page at the top you put in the gross then under motoring you fill in your expenses then there are a couple of boxes at the bottom that you fill in with gross, expenses, nett figures. Sign it and that should be that

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

You'd need to keep it taxed and insured to be convincing!

Not to mention the mot.....which records the mileage

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http://wingsoverscotland.com/ http://www.newsnetscotland.com/

1972 hilman avenger

free tax

£150 a year insurance

easy peesey..........and ive done it, the mot is a breeze when it dont go anywhere

it saved me a fortune when running 3 other vehicles and HMRC hadnt got a leg to stand on, cant see the fuss myself

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

screwdriver............

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

Ive also claimed £3 per 200 miles meal allowances (50,000 miles a year) , £3000 PA tax free payments to the lad for washing the vehicles (not on PAYE) (saved 22% tax £660?) and night out monies...

i had an accountant for 2 years, watched and listened, then sacked him...

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

I actually noticed last year on my self assessment form that the threshold was raised from 15k to 30k.

Been trying to keep below 15k for last few years just so I could still self assess.

pity you turned all that work down just to stay under the limit...

never saw any limit for S/A returns, hows that work then cos i put em thru when my turnover was £150K off 3 vehicles





is there still a reward for using the online SA forms? i think it was about £250

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

I didn't turn any work down, just kept below the figure, wasnt difficult, I'm a lazy git.

The basic "short" self assessment form has up until last year always been 15k

They are easy to fill in, do it right it will take you 15 minutes maximum and it will save you £150.