Taxi Driver Online

UK cab trade debate and advice
It is currently Sat May 02, 2026 10:59 am

Board index » General » General issues

All times are UTC [ DST ]



Post new topic Reply to topic  Page 1 of 1
  [ 12 posts ] 
  Print view Previous topic | Next topic 
Author Message
wannabeeahack
 Post subject: tips
PostPosted: Sat Sep 13, 2008 3:50 pm 
Offline

Joined: Tue Apr 29, 2008 4:06 pm
Posts: 24391
Location: Twixt Heaven and Hell, but nearest Hell
do i have to note all tips as taxable income?


































like i have to ask..... :lol: :lol: :lol: :lol:

_________________
Of all the things ive lost, i miss my mind the most
Top
 Profile  
 
Chester J.D.
 Post subject:
PostPosted: Sat Sep 13, 2008 4:18 pm 
Offline

Joined: Thu Aug 11, 2005 1:26 pm
Posts: 313
Location: Chester
I am a miserable b*****d so never get any tips !!!! :cry: :cry: :cry:
Top
 Profile  
 
Capt Taxi
 Post subject:
PostPosted: Sat Sep 13, 2008 6:24 pm 
Offline
User avatar

Joined: Tue Aug 12, 2008 5:47 pm
Posts: 394
Location: Sunny Essex.
Tips are an income therefore taxable.
If your house goes up in value by tens of thousands (as with many historically) and you become property rich,this is not income therefore not taxable...

_________________
Charlton's lost past http://www.youtube.com/watch?v=jsFKWGlrze0
London's future? http://www.telegraph.co.uk/news/uknews/ ... rants.html
Top
 Profile  
 
wannabeeahack
 Post subject:
PostPosted: Sat Sep 13, 2008 6:51 pm 
Offline

Joined: Tue Apr 29, 2008 4:06 pm
Posts: 24391
Location: Twixt Heaven and Hell, but nearest Hell
Capt Taxi wrote:
Tips are an income therefore taxable.
If your house goes up in value by tens of thousands (as with many historically) and you become property rich,this is not income therefore not taxable...


so whats capital gains tax?

_________________
Of all the things ive lost, i miss my mind the most
Top
 Profile  
 
Capt Taxi
 Post subject:
PostPosted: Sat Sep 13, 2008 6:57 pm 
Offline
User avatar

Joined: Tue Aug 12, 2008 5:47 pm
Posts: 394
Location: Sunny Essex.
Capital gains tax is on the sale of shares,second homes etc.
You do not pay tax on any profit you make on your main home.
Hence the property/home 'improvement' boom.

_________________
Charlton's lost past http://www.youtube.com/watch?v=jsFKWGlrze0
London's future? http://www.telegraph.co.uk/news/uknews/ ... rants.html
Top
 Profile  
 
bloodnock
 Post subject: Re: tips
PostPosted: Sat Sep 13, 2008 8:37 pm 
Offline
User avatar

Joined: Thu May 03, 2007 8:15 pm
Posts: 9170
As honest law abiding citizens we should declare every single penny we get in Tips to the Taxman and seeing as each and everyone of us in this trade does so willingly and openly this is not even an issue...we are just to damned honest for our own good. :lol:
Top
 Profile  
 
kermit2482
 Post subject: Re: tips
PostPosted: Sat Sep 13, 2008 9:01 pm 
Offline
User avatar

Joined: Wed Apr 26, 2006 8:26 pm
Posts: 961
Location: Plymouth Devon
bloodnock wrote:
As honest law abiding citizens we should declare every single penny we get in Tips to the Taxman and seeing as each and everyone of us in this trade does so willingly and openly this is not even an issue...we are just to damned honest for our own good. :lol:


Honestly gov :D

_________________
Legal and proud

Loads a love from BERTIE !!
Top
 Profile  
 
Brummie Cabbie
 Post subject: Re: tips
PostPosted: Sat Sep 13, 2008 9:08 pm 
Offline
User avatar

Joined: Thu Jun 26, 2008 3:11 pm
Posts: 8119
Location: A Villa in Aston NO MORE!
wannabeeahack wrote:
do i have to note all tips as taxable income?


































like i have to ask..... :lol: :lol: :lol: :lol:


Wannabeeahack ......... do you offer lessons on how to make a small post look big, or do you have a sticking space bar on your keyboard?

_________________
Kind regards,

Brummie Cabbie.

Type a message, post your news,
Disagree with other members' views;
But please, do have some decorum,
When debating on the TDO Forum.
Top
 Profile  
 
wannabeeahack
 Post subject:
PostPosted: Sun Sep 14, 2008 10:37 am 
Offline

Joined: Tue Apr 29, 2008 4:06 pm
Posts: 24391
Location: Twixt Heaven and Hell, but nearest Hell
both
































































:lol:

_________________
Of all the things ive lost, i miss my mind the most
Top
 Profile  
 
Sussex
 Post subject: Re: tips
PostPosted: Sun Sep 14, 2008 6:16 pm 
Offline
User avatar

Joined: Wed Sep 03, 2003 7:30 pm
Posts: 57355
Location: 1066 Country
wannabeeahack wrote:
do i have to note all tips as taxable income?

Yes.

_________________
IDFIMH
Top
 Profile  
 
jogra4
 Post subject:
PostPosted: Sun Sep 14, 2008 8:52 pm 
Offline

Joined: Mon Aug 18, 2008 11:44 am
Posts: 107
ask him about his book on how to be a courier i bet he is researching one for cab drivers
Top
 Profile  
 
wannabeeahack
 Post subject:
PostPosted: Sun Sep 14, 2008 9:15 pm 
Offline

Joined: Tue Apr 29, 2008 4:06 pm
Posts: 24391
Location: Twixt Heaven and Hell, but nearest Hell
jogra4 wrote:
ask him about his book on how to be a courier i bet he is researching one for cab drivers


every hole a goal i always say john

_________________
Of all the things ive lost, i miss my mind the most
Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  Page 1 of 1
  [ 12 posts ] 

Board index » General » General issues

All times are UTC [ DST ]

Who is online

Users browsing this forum: No registered users and 232 guests

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Jump to:  
Powered by phpBB® Forum Software © phpBB Group