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Subject: Fuel percentage
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meatloafUser is Offline

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Posts:4
06 Aug 2007 4:18 PM Alert 

I have mislaid my fuel receipts  and i was wondering if anyone can give me an idea of what percentage of GROSS takings over 12 months would generally be spent on fuel under normal use.

Any feedback would be great.
Baron Silas GreenbackUser is Offline

TF MVP
TF MVP
Posts:212
06 Aug 2007 4:26 PM Alert 
are you vat registered.....lol i doubt it as we all know its a cash business.

do you fill up at start or end of each shift...?
if so you can prove what your spending is business miles and not personal mileage or combining the 2.
i believe in this case its around 32% but if not vat registered you cant get the vat back obviously
meatloafUser is Offline

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Posts:4
06 Aug 2007 6:06 PM Alert 

just self employed, i fill up just when i need to and i just use for business, i just want a legitimate percentage realy, someone told me between 15 and 20 % but it seems a little high to me?
bully beefUser is Offline

TF Guru
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Posts:75
06 Aug 2007 6:55 PM Alert 
that seems high to me at 20% too.

if you dont have receipts that are for the start or end of each shift or mileage records of each shift then i dont know how you can prove that your not claiming personl fuel allowance in amongst it aswell.
TonyUser is Offline
Bradford
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Posts:672
06 Aug 2007 7:00 PM Alert 
give this man below a ring he specialises in taxi accounts and he always gives free advice as he likes his name passed around and he knows it will generate business at some point in the future,

mention Tony Mite Taxi-Today mag and he will look after you at no cost for his advice.

DRIVER TAX gary jacobs 020 8281 3333
www.taxi-today.com

voted best trade publication2005, 2006 & 2007

www.taxiinsurancetrader.com

best place for cheap taxi insurance quotes online
meatloafUser is Offline

TF Newbie!
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Posts:4
07 Aug 2007 2:28 PM Alert 
while we are on the subject, is car washing tax deductible, i wash mine once a week £3, but no receipt.
hopperUser is Offline
Norfolk "Nelson's County"
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Posts:1210
07 Aug 2007 9:38 PM Alert 
Posted By meatloaf on 06 Aug 2007 4:18 PM

I have mislaid my fuel receipts  

 

I have mislaid many a fuel receipt in my time, don't worry about it.

 

Are you for real ?


Why don't you get a proper job???
TaxisUser is Offline
Tyne and Wear
"The Independent Taxi Driver"
TF Student
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Posts:342
08 Aug 2007 10:50 PM Alert 
Posted By meatloaf on 07 Aug 2007 2:28 PM
while we are on the subject, is car washing tax deductible, i wash mine once a week £3, but no receipt.


You can claim ! for 1 car wash at the start of every shift or at the end of every shift.
also 1 valet per week.
It is accepted you may not have all reciepts for these expences.

Steve
No part of my posts can be reproduced / Published or copied outside this site without my consent.
© Taxis ©

The Independent Taxi driver

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