Taxi Business

Posted by SDGREEN PM | on Tue, 15/05/2012 - 17:54 800 6 comments | report

Client is looking to purchase a taxi business. It would be advisable for the trade to be run through a limited company.

The business consists of 4 hackney carriages and 3 private hire cars. As well as hiring the vehicles to drivers, the business owner will be using a vehicle to run a taxi himself as well as, in theory, having access to any of the other vehicles.

My concern is whether there would be any company car benefit attributable to him.

Does anyone have any thoughts/advice they can offer?

Thanks

Comments

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Plated Taxis

squay | Tue, 15/05/2012 - 18:42

Keep private use to 1 vehicle only & own it personally

DMGbus | Wed, 16/05/2012 - 13:31

Phone the licencing authority

petersaxton | Wed, 16/05/2012 - 10:21

Many taxi firms...

Trevor Scott | Wed, 16/05/2012 - 11:10

Taxi businesses

petersaxton | Wed, 16/05/2012 - 11:38

Spot on!

Trevor Scott | Wed, 16/05/2012 - 12:17