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How do taxi drivers pay taxes on their income in the UK?

April 26, 2017Business Drivers Finance income Kingdom pay taxes Taxi UK United

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How do taxi drivers pay taxes on their income in the UK?

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Taxi drivers have to keep a record of all expenses with the trade ie, cost of purchase if buying the taxi, fuel costs, radio fees if working for a company, car washes, tyres, maintenace of the taxi , insurance, road tax, licencing etc. They then have to keep a log of all fares income.