Taxi Driver Online

rental taxis...

if a base who surely must be vat regd (40 cars) rents out cars at £320/week (just add fuel) that must be vat inc?

£266/wk plus vat then?

now if only i could get a vat reciept it might work for me

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

only if you're vat payer... what is not very profitable fo so called taxi drivers...

I worked it out once if you are taking around £500 to £600 a week you would be about £5000 a years worse off vat registered

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lack of modern legislation is the iceberg sinking the titanic of the transport sector

i wouldnt, most of mine is contract/account

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

we are all VAT payers, you mean VAT registered

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

correct

with vat at 20% that related to £25,000 sales/takings but does it include the vat back off fuel, repairs. etc?

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

Usually better off being registered, that way you only pay the difference of vat on what you buy and what you sell.

Fuel is about 15% of our takings so if you do £1000 worth of work £200 of that is VAT minus £30 for the VAT on the fuel and maybe £10 on other bills so about £160 worse off unless you can ADD 20% to the fares

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lack of modern legislation is the iceberg sinking the titanic of the transport sector

as I said, 80%-90% of mine is contract/invoiced just add vat and collect it, take off what ive spent in vat, send HMRC the balance

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

And your customers will be happy at suddenly having an extra 20% on the price ?

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lack of modern legislation is the iceberg sinking the titanic of the transport sector

Y you no wristen?

account work, invoiced, im vat regd, they are vat regd.....no issue

meter fares must include vat, PH fares --- whatever, just add it on

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

started work 06.00 am still at it brain tends to start to get a bit frazled by this stage

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lack of modern legislation is the iceberg sinking the titanic of the transport sector

i started at 9am but got a midnight booking

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