What? Where did my year go? Gary’s 2022 roundup
It’s that time of reflection again, although as always when we come to this point, most drivers and operators are too busy to worry about anything until things calm down in January. So, let’s just muse upon our trade, its recent past and future and the rather strange place we are in. No pandemic talks […]
VAT’s Not Entertainment
ALL CHANGE, ITS VAT TIME OF YEAR AGAIN…. This seems to be the season for U-turns, so as I write this blog, in which I was going to go into more detail about the VAT on fares issues, I have received the first bit of information regarding Uber’s VAT settlement. So, I am going to […]
Why you need a will as a business owner
Death, the big sleep, the never-ending tomorrow. As much as we’d like to deny it, it’s coming for all of us. Once you’re gone, you have no control over who gets your house and belongings. Your partner will most likely get most of your possessions, the rest will be divided amongst your children. If you […]
The 6 Best Expense Apps For Taxi & Private Hire Drivers
Welcome to the cashless age. HMRC Making Tax Digital isn’t yet upon us, but it’s fast on the horizon. Most of us have seen our personal tax account on HMRC’s online portal at least once. To our managing director’s horror, many of us don’t even carry cash. Gone are the hazy days of drivers carrying […]
Everything You Need To Do Before Becoming Self-Employed
So, you’re taking the leap and deciding to go self-employed, go you! Here’s everything you need to know before getting started. 1 – Open a business bank account It can feel like a big step. You don’t feel like a ‘business’ after all, you’re just a person trying to do your job. However, […]
What Do The 4000 HMRC Tax Letters actually mean?
Things are tough financially in the UK at the moment with the rising cost of living, and everyone talking about an impending recession, so it may well be a difficult time to receive a letter from the HMRC potentially asking for more money. You may have read recently about the HM Revenue and Customs (HMRC) […]
Are you part of a tax avoidance scheme without knowing it?
There are many clever methods that companies and sole traders use to get around having to pay as much tax as they are supposed to. Sometimes these are legal, some are illegal, and some benefit from living in the grey area in between. What is tax avoidance? Tax avoidance, as opposed to tax evasion, […]
4000 untaxed drivers: The day has come
HM Revenue & Customs have begun sending letters to about 4000 drivers who they suspect may not have declared their income. It comes 5 months after the introduction of Conditionality tax checks in England and Wales in which drivers must now declare their tax registration status before applying or renewing their licences. HMRC began sending […]
The government’s new guidance on employment status, is it enough?
The Government has announced new employment status guidance. This will clarify employment rights and status for businesses, individuals and other groups (like those working in the gig economy). This includes things like pay, leave and working conditions. “Today we are tidying up the rules, helping workers to find out if they are being treated fairly […]
It was just too quiet… Tax News in Passenger Transport (September 2022)
Sorry about this people, I am going to overshare with you today. I am usually a well-behaved advisor, always trying to offer you some trade-relevant stuff from my world, but today I am just going to moan… I try to include in my blog an offer of hope and optimism in a world of increasing […]
