Taxi Driver Online

doesnt matter how much.....

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

what your trying to do is reduce YOUR tax burden, HMRC have a bit of experience in this..

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

No stamp..no Tax..??

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Justice for the 96. It has only taken 27 years...........repeat the same lies for 27 years and the truth sounds strange to people!

Still requires the paper trail. We pay ourselves just below the national insurance threshold so that we don't pay income tax or national insurance. We still have to produce proper payslips and sent the information to HMRC every month. Obviously the other employees who earn over the thresholds are required to pay their tax and national insurance through paye and because the government allow us to claim back the first £2,000 of employers national insurance we don't have to pay that either. The company pay corporation tax on profits so if the directors pay themselves a dividend that is also tax free because the tax has already been paid in corporation tax.

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Grandad,

what worries me is that this image of "employing the wife" is out there, one reason why i say we dont really want the HMRC vultures swooping

GD, my accountant DID have a scheme whereby a maximum of £3000 PA could be paid to a wife with NO HMRC considerations, he had been through a tribunal with it and won, but while he used it in my year 2 accounts he never revealed details, but it did work...however the money did have to be proven to have changed hands, and it didnt require the wife to be S/E, but thats only a tax saving of £600 a year

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

speak to your accountant if you dont believe us

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

I always have...and always will..there is no reason to be touchy...I was only trying to open this up..

I hope you purchased your new car on a lease purchase agreement..

p.s where are you from originally...

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Justice for the 96. It has only taken 27 years...........repeat the same lies for 27 years and the truth sounds strange to people!

On 30,000 miles a year? i think not

I purchased my car on personal finance, i paid the vat upfront as deposit and reclaimed that

I shall reclaim the interest on the HP in my accounts

I shall write down the cars £14500 over the 4 years allowed by HMRC (40% year 1, then 3 x 20%)

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

all payments on P G are or were classed as rent 100 % claim back..axcept for last payment..

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Justice for the 96. It has only taken 27 years...........repeat the same lies for 27 years and the truth sounds strange to people!

yes i know, are you vat regd? there is vat on lease costs.....

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

I was...but now I am retired....the information is for the Forum..to make their little grey cells work...

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Justice for the 96. It has only taken 27 years...........repeat the same lies for 27 years and the truth sounds strange to people!

cell

(singular) in most cases

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

Then they need reporting.

Money laundering and VAT fraud is a crime nowadays.

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IDFIMH

Or pay by cheque.

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IDFIMH

oh i can just imagine that going down well....

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