Taxi drivers to lose tax relief on fuel in the Autumn Statement 2016

Taxi drivers to lose tax relief on fuel in the Autumn Statement 2016

21:34 PM, 10th November 2016, About 5 years ago 50

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angry taxi Driver

Rumour has it that private taxi drivers will no longer be able to offset fuel costs as an expense against their income, thus preventing them from getting unfair tax relief on their fuel.

The Treasury initiative is designed to “level the playing field” with private motorists who have to pay for fuel out of their taxed income.

The drivers and businesses affected have said that fares will increase but one Councillor called them snivelling parasites, preying on tourists and old folk who do not have a vehicle of their own. He said “Taxi drivers are not really a business anyway, they just drive cars, why should they get tax relief on their fuel when other car owners don’t?”

A Geography graduate who first suggested the policy to The Green Party said “getting taxi’s off the road will be good for the environment and traffic congestion whilst making it far safer for people to bike into work.”

J Corbynski, regarded as a complete pillock by most of his left wing colleagues, said “I see this as a perfect opportunity to raise tax from wealthy taxi drivers so that we can pump more money into improving public transport”.

A member of The Landlords Union drew similarities between the policy and the changes George Osborne made in his 2015 Summer Budget to finance costs, which will no longer be treated as a legitimate business expense for private landlords . He said “did anybody really expect the government to stop at taxing only private landlords in this underhanded way?”

Government officials have denied all allegations that they are effectively sacrificing small businesses for the sake of attracting further investment into corporate operators who just so happen to make large donations to their party at election time. They went on to say that grant funding recently announced for corporate operators are a complete coincidence and exist only to improve the transport problems facing the UK population due to its continued growth, particularly in the capital.

A major accountancy body has pointed out that corporate taxi firms will not be affected and that they expect their members to be dealing with several enquiries regarding incorporation. They said “this is nothing like incorporation for landlords as taxi drivers will not be affected by increased Stamp Duty rates and capital gains tax is unlikely to be an issue for them on the basis that their core assets (vehicles) tend to depreciate whereas residential properties owned by landlords generally increase in value over the longer term.”

Media commentators have suggested that taxi fares will rise affecting old folk in rural locations.  The Governments response was that they doubted that very much on the basis that only 1 in 5 taxi businesses would be affected. They were unable to produce figures to substantiate that claim.



Comments

by David Price

12:23 PM, 11th November 2016, About 5 years ago

Reply to the comment left by "Dr Rosalind Beck" at "11/11/2016 - 12:02":

Regret that this is a basic principle of taxation, only tax things people cannot do without for if you tax luxuries they will just be avoided.

by Gareth Wilson

12:25 PM, 11th November 2016, About 5 years ago

Would it be too close to the bone to name the Chancellor Gideon Bastard (pronounced Bust-ard), and/or to give him a hand puppet called Gaukey the Gopher?

I can imagine the Chancellor levying a 3% surcharge on taxi sales to milk the drivers dry as they leave the market... spitefully increasing it to 5% when someone questions his decision.

To an SNP MP raising concerns in the Commons about the impact on Scottish taxi drivers he would say "I'm sorry I don't understand a word you're saying" and then Gideon would make some quip about himself never having to walk a thousand miles because the taxpayer covers all his own travel expenses.

Then he would would depart, gopher on one hand and red suitcase full of cocaine in the other, to eat a hot dog at the Superbowl, in an executive box owned by Uber.

Later, a Tory MP with a fancy haircut, called Jimmy Corruptidge, would stand up in the Commons to compare taxi drivers to third-world dictators.

by Ian Narbeth

12:29 PM, 11th November 2016, About 5 years ago

Reply to the comment left by "Gareth Wilson" at "11/11/2016 - 12:25":

I think you will find the name is Gideon Bastard Companion of Dishonour.

by Kathy Evans

16:29 PM, 11th November 2016, About 5 years ago

Reply to the comment left by "Barry Fitzpatrick" at "11/11/2016 - 07:41":

Of course, as the Uber case showed, none of the so-called self employed drivers are actually self employed at all - they are someone's employees so can't claim any car-related expenses against tax. I mean who could possibly consider people who use their own vehicles and choose whether or not to work and when, and who pay a fee to use a central dispatcher (web or human) as self-employed?

World turned upside down ...

by Mark Alexander

16:52 PM, 11th November 2016, About 5 years ago

Reply to the comment left by "Old Mrs Landlord" at "11/11/2016 - 09:41":

Section 24 legislation was first drafted by a Geography graduate and implemented by a chancellor who graduated in history. Please follow the links in the article to fully understand the intended irony of it.

I have absolutely no problem with either history or geography graduates PROVIDING they don't think that qualifies them to produce tax legislation for property!
.

by Dr Rosalind Beck

17:01 PM, 11th November 2016, About 5 years ago

Hold on. I think it is also important to make it a criminal offence if one of these rogue taxi drivers picks up an illegal immigrant and it is proven that the taxi driver didn't check that their ID and legal status in the UK was kosher.

by Gromit

17:18 PM, 11th November 2016, About 5 years ago

They'll also need to swab down the whole cab interior to check for signs of legionella. Not to mention electrical safety checks.

by Simon Hall

18:48 PM, 11th November 2016, About 5 years ago

Reply to the comment left by "Barry Fitzpatrick" at "11/11/2016 - 17:18":

Absolutely Superb!

by Simon Hall

18:49 PM, 11th November 2016, About 5 years ago

It is pity that Taxi Drivers are exempt from serving section 21 Notices on their passengers.

by David Price

0:31 AM, 12th November 2016, About 5 years ago

Reply to the comment left by "Dr Rosalind Beck" at "11/11/2016 - 17:01":

If in London would this be a Capital offence?


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