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Private hire tax savings
iamataxi
Posts: 5 Forumite
in Cutting tax
Hi there
I'm a private hire taxi driver, self employed. I have expenditures of fuel, car loan, cleaning, radio/meter hire, oil and general car maintanace.
Should I be looking for some kind of tax savings in any of these areas? My total turnover is around £27k, and my income after expenditure is £11k.
Thanks
I'm a private hire taxi driver, self employed. I have expenditures of fuel, car loan, cleaning, radio/meter hire, oil and general car maintanace.
Should I be looking for some kind of tax savings in any of these areas? My total turnover is around £27k, and my income after expenditure is £11k.
Thanks
0
Comments
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Do you claim capital allowances on the vehicle itself?£705,000 raised by client groups in the past 18 mths :beer:0
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Hi Fengirl
I have an accountant and am not sure if capital allowance on the vehicle itself has been claimed. I bought it right out in 06 and was wondering if it's not been claimed could I claim it now? Thanks.0
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