Taxi Driver Online

Hi all,


Finally all set up to be a taxi driver and operator. Today I finalised a quote for my all electric taxi. £4500. Which isn't bad for anyone in the know.

I do have a question though...

Before everything gets moved into my LTD Co. name, and the car is purchased, I plan on claiming 100% Annual Investment Allowance for the car as I will not be using it as a personal car. I am awaiting my accountant to reply to an email, but I thought I would ask here also:

In order to write 100% of the vehicle off I need to prove that the car won't be used for private use, which is fine and easy (showing the insurance policy to HMRC).

The biggest wonderment I have really is that; I've seen some fellow taxi guys putting 100% of the car through their business and then using it for private use like dropping the kids off at school - how do I get away with it? In event of an accident, are they within their rights to claim it was a fare?

Bottom line: I just don't get how it works... it's easy to prove that the car is for business only - say in your insurance policy - but there's no way of physically proving you aren't using it for private use..

Sorry if this doesn't make sense, it just seems like a giant hole in the concept HMRC is trying to uphold...

One way is to only claim for a certain percentage of your fuel, although that will be a bit tricky with an electric car.

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IDFIMH

Sorry, I didn't mean to put "I" in the questions, haha. However if we roll with the idea of me doing it, are you saying that (with a diesel/petrol car):


If I use the car to go, say to London for the day, then I claim/pay for the fuel cost thus still making it acceptable to put 100% of the car through the business?

Thanks in advance, it's just got me a bit stumped thats all!

When I say 100% of the car, I mean the purchase price.

How about in general say someone wants to drop their own kids off at school or go shopping, what is to stop them booking it in as a proper job? The fare could be a nominal sum.

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Grandad,

I think I'm going to do that, Grandad. Win win really ey?

Maybe run it past an accountant first.

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Grandad,

if you cant then they cant

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