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 AA

16:33 PM, 23rd November 2016, About 5 years ago

Reply to the comment left by "Mark Alexander" at "11/11/2016 - 08:35":

Where is Guy Fawkes when we need him ?

by Pete David

17:32 PM, 23rd November 2016, About 5 years ago

Amazing, are we now Russia?

by Whiteskifreak Surrey

12:58 PM, 24th November 2016, About 5 years ago

Has anything actually been announced?

by Gromit

15:40 PM, 5th December 2016, About 5 years ago

Shock News:

"Painters & Decorators will no longer be able to claim paint as a business expense"

In order to "level the playing field" between professional painters & decorators and homeowners/DIYers the Chancellor is going to disallow professional painters & decorators operating as sole traders or in partnerships from claiming paint as a business expense. According to the Chancellor, at the moment the painters & decorators get a trade discount when they buy paint then the wealthiest get 40/45% tax relief of the cost of the paint through their tax return giving an unfair advantage over homeowners/DIYers. The Chancellor said he would restrict tax relief to 20% on the cost of the paint thereby only affecting the wealthiest painters and decorators. Limited companies will not be affected by this measure.

A still 'wet behind the ears' Treasury analyst admitted some painters & decorators would be dragged into the Higher Rate tax band and some could lose Child Benefits, and even their Personal Allowance. An HMRC spokesperson brushed aside industry criticisms and glossed over the facts when confronted with them.

by David Price

16:39 PM, 5th December 2016, About 5 years ago

Reply to the comment left by "Barry Fitzpatrick" at "05/12/2016 - 15:40":

Are all decorating materials included in this latest levelling? Surely water based paint has not been included as this does not contain any VOC's and no chancellor would want to encourage the use of solvent based paint.

by Ian Narbeth

16:51 PM, 5th December 2016, About 5 years ago

A Treasury spokesman who wished to remain anonymous so let us call him David G was overheard saying: "These decorators need a good pasting. It's unfair that they pull up the ladder behind them. This measure will provide a level pitch for home owners and DIYers."

When questioned, he denied that any professional painters & decorators would throw in the sponge or kick the bucket through heart failure.

by Gromit

17:25 PM, 5th December 2016, About 5 years ago

The painters and decorators guild described the "sophistry" from the Government as "a whitewash", and expected other materials to be included describing paint as the "thinner end of the wedge".

A group of disgruntled painters said they would mount a "white spirited campaign to overturn this measure"

by Richard Mann

17:44 PM, 5th December 2016, About 5 years ago

Affectionately known as " The Big C " today a most senior former Tory was interviewed on his yacht while workmen varnished the wooden decks.
" I am absolutely 100% for levelling the decks" he said
" The audacity of these self employed painters and decorators and Landlords beggars belief. Just who do they think they are?"
"I was saying exactly the same thing to Sir Philip G the other day he whole heartedly agreed" "Keep the poor and working classes surrounded by Magnolia and white gloss and they are sure to not get ideas above their station"

by Gromit

18:13 PM, 5th December 2016, About 5 years ago

Reply to the comment left by "David Price" at "05/12/2016 - 16:39":

If the Chancellor did include oil based paints would that count as solvent abuse (he must be on something).

by Ian Narbeth

11:31 AM, 6th December 2016, About 5 years ago

Reply to the comment left by "Barry Fitzpatrick" at "05/12/2016 - 18:13":

Unfortunately, the Big C didn't give a toss about making individual landlords insolvent.

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