point of sale...point of sale...
Claiming overpaid vat has never been more aCCessible or Convenient
With an award-winning firm like The Proactive Consultancy Group UK (
tpcguk.com) on board the process of claiming overpaid VAT for your taxi firms has become
more accessible, convenient and pocket friendly considering our no win/no fee rule. It is commonly observed that six out of ten taxi firms make significant errors when calculating their VAT liability, resulting in substantial amount of overpayment to HMRC. Our FREE VAT health checkup for taxi firms is one of the most significant and effective services that we offer, reducing the burden on your business. We have a team of taxi industry VAT specialists who carry out a FREE VAT health-check on taxi firms to determine and quantify potential overpayments. The VAT review determines if your taxi firm is entitled to a VAT refund (which is the result in most of the cases). If there is no overpaid VAT, at least your business had the benefit of having their records reviewed by a taxi industry specialist absolutely free and if you get a refund we can usually reclaim for the past four years, establish and agree with HMRC the correct procedures and all your future VAT savings are a different matter altogether! It’s a very simple process all together. The first step is to sign a non- disclosure (NDU) undertaking with the respective client. The NDU signifies that any information shared by you with us would be treated in accordance with confidentiality and privacy laws prevailing in UK. A brief questionnaire by us is then sent to the company to be filled in.
After they return it, a further information request is sent to the taxi company based on how they answer those 5-6 questions in the questionnaire. The requested information is then assessed by the experts and it is then determined if the company is overpaying the VAT or not. A rough estimate is calculated at this stage and once we have client’s agreement to reclaim the overpaid VAT from HMRC, we revise all VAT returns of the last four years in accordance with the prevailing VAT rules. The errors are rectified, and the claim is submitted to HMRC which is then verified by HMRC from qualitative and quantitative aspects. Any HMRC’s queries are then addressed by us and the VAT rules that we apply are also explained to them in detail. We also detail them about the historical tribunal tax cases we take as reference in order to calculate the claim. Upon completing all their checks and verification procedures, HMRC then releases the amount. We then invoice the clients our fee as per our pre-agreed percentage. The process typically takes four to six months and if you don’t get the refund in your account, this entire service has cost you nothing. So, wherever you are in your business lifecycle, we intend to make a profound impression on the bottom-line of your business. Please get in touch with us today and allow us to bring similar success to your business as well.
Call TPGU on 0207 193 7072, email
info@tpcguk.com or see our advert on page 47.
save up to £110 per week on fuel when you switCh to eleCtriC!
Drivers impressed with the lower cost of ownership since switching to the electric taxi
Drivers of TX the electric taxi have confirmed the impressive fuel savings after a year of ownership, with most seeing fuel savings of
up to £110 per week! This saving is achieved by maximising the range offered by driving on pure electric energy. Combined with the longer service intervals – which means lower service and maintenance costs - these savings make the TX cost of ownership lower than its diesel predecessors. Which all makes TX more affordable and economical than drivers had imagined.
What would you save? Compare the running costs of TX against your current taxi based on your weekly/monthly/annual mileage and fuel spend at
www.levc.com/tx-cost-comparison/. Here’s just a few of the comments from drivers about what they’re saving…
“I am actually saving about £100 a week in fuel costs.”
“Although the cab is more expensive than outgoing models, it’s much more economic to run.” “The savings are absolutely massive for me!” “The savings actually pay for the TX!”
Drivers also find themselves in demand by passengers on the street and on bookings, who love the cab, offering them potential to earn more from their shift.
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Find out what the longest standing owners think – drivers who have driven TX for over a year - watch the full driver interviews at
levc.com/1yrtx or book a TX test drive and see for yourself – find your local LEVC dealer at
levc.com/phtm or see our adverts on pages 5, 48, 49 and 78.
MARCH 2020
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