Hospitality Pick up charge

[Rat Catcher]

Indeed Vikkiz,
I'm just glad i don't have to provide all these statements to my accountant....i just record what lands in my bank account and pay tax on said amount.

There's no correlation between what lands in your bank account and your tax liability. In the absence of a cash book or proper record keeping on your part your accountant will qualify your accounts as being drawn up from incomplete records.

[Shallowhal]

I do my accounts proper Ratty....so back away from the keyboard!!

[Vikkiz]

A newly developed app wasn't possible without disrupting the billions, no make that millions, no make that 100,000s, No make that a few thousand of drivers around Europe who have been using the app forever. They couldn't discommode all of them for the 10,000 drivers that used an almost perfect app.


Ohhhh and as Rats says just because it lands in your account doesn't mean that's your earnings.

[Rat Catcher]

Good stuff, Hal. Once drivers don't get to thinking that they'd get away with suppressing takings by following the approach suggested within the post quoted. Drivers should bear in mind that any accountant they employ will qualify the accounts with the standard "based on information supplied", in the event of an audit it's your records that will be scrutinised not your accountant's interpretation.

A major release would have improved the system for all users, not least the office staff, VZ!

[Vikkiz]

Shoulda woulda coulda

[Rat Catcher]

Shoulda - yes.
Woulda - probably more focussed on their future careers and, perhaps, open to being accused of just trying to hold on to their current jobs for longer than necessary if they did.
Coulda - not sure, Hail0 was pure sh!te under the bonnet.

[Shallowhal]

It's earnings (minus commission already deducted)for card and cash jobs,the cash element must also be lodged....which is earnings also and anything else lodged with regard to my taxi biz game.

Suppressing takings by following the approach suggested with the post quoted.....are you suggesting that by my quote it's the only earnings i declare?....we're talking MyTaxi here...nothing else.

[Rat Catcher]

I'm not suggesting anything. I'm merely pointing out that there is no correlation between what mytaxi lodges to your bank account and Gross Taxi Fares received from mytaxi jobs... and pointing out that your accountant bases the accounts he draws up on the information you give him. Obviously, he has no way of knowing if you lodge all of your cash takings to a bank account or not, there's no legal requirement for you to do that or for him to perform any tests to ascertain whether that is the case or not... unless your business is incorporated without being exempt from external audit requirements.

[Vikkiz]

Maybe rat's, but it worked for us drivers

[Rat Catcher]

Yeah, the user interface was better than mytaxi's for both drivers and customers. In fact, I have no doubt that the Hail0 Android developer would have cringed when he pressed the menu button on the mytaxi driver app for the first time, from that moment on he knew he was being asked to contribute to an inferior product.

[Shallowhal]

'm merely pointing out that there is no correlation between what mytaxi lodges to your bank account and Gross Taxi Fares received from mytaxi jobs.

Of course there's not and if drivers neglect the cash element of MyTaxi fares...then that's an issue for them when Revenue come a knockin!!

Anyways....they refund the commission on the hospitality charge!

[Rat Catcher]

Indeed, Revenue are good at extrapolation. While there's no correlation in real terms it shouldn't take Revenue long to establish marginal ratios to facilitate extrapolation, particularly given mytaxi's willingness to share it's data with the authorities.

[The Liffey Lip]

Indeed Vikkiz,
I'm just glad i don't have to provide all these statements to my accountant....i just record what lands in my bank account and pay tax on said amount.

There's no correlation between what lands in your bank account and your tax liability. In the absence of a cash book or proper record keeping on your part your accountant will qualify your accounts as being drawn up from incomplete records.

Important to keep a good record of jobs done...A good one, not necessarily a brilliant one.