Taxi costs - not dropped due to petrol decrease?

Taxi costs - not dropped due to petrol decrease?

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Welshbeef

Original Poster:

49,633 posts

198 months

Sunday 25th January 2015
quotequote all
When fuel prices went up taxis round where I live were quick to put up the prices however prices now are not dropping and as far as I can tell they have become the new norm.

Why are we not pushing for this to be dropped its outrageous - ditto bus prices generally people without cars are paying more than is needed.

Welshbeef

Original Poster:

49,633 posts

198 months

Sunday 25th January 2015
quotequote all
TheAngryDog said:
allergictocheese said:
I've never thought of taxi drivers being profit greedy monsters. Certainly don't begrudge them making a couple of extra quid whilst they can.
It is a dirty word is profit. I pay £3 per taxi to travel anywhere in Aylesbury. That has been the same since Summer. If the drivers are making a little extra out of the little I am already paying them (their set fare!) then it is fine by me.

Stop being a misery!
My point is when fuel went up quickly prices went up quickly too for taxi rides.

I pay about £10-12 for a 2ish mile run to the station in the daytime.

Welshbeef

Original Poster:

49,633 posts

198 months

Sunday 25th January 2015
quotequote all
TheAngryDog said:
Taxi fares (if the taxi is fitted with a meter) are controlled by the Local Authority. If they do not have a meter (Private Hire) then you can generally negotiate the price before hand. Also fares vary depending on the time of travel etc.

If you've been paying more than the LA set rate then perhaps a complaint is in order.
I use Black cabs - hackney carriages I think they are called all fares are council set.

Welshbeef

Original Poster:

49,633 posts

198 months

Sunday 25th January 2015
quotequote all
vikingaero said:
So it would be fair for your employer to say to you:

"Mr WB, fuel prices have dropped by x% so we're reducing your salary or hourly rate by the same. Do you have oil heating at home? Oh you do! Well we'll knock another x% off your salary."
They have.
Our pence per mile rate has reduced from £0.19 to £0.16 and looking to decrease further.

Welshbeef

Original Poster:

49,633 posts

198 months

Sunday 25th January 2015
quotequote all
TheAngryDog said:
Can't you claim the difference back from the Government anyway? It was 45ppm last time I had to claim.
The difference lets call it £0.20 you'd then get the tax back so 20% or 40% or 45% depending on your prevailing rate.

If a company decides to pay you 1p per mile and you are a higher tax rate payer then the 43p difference you'd get back£0.17

Welshbeef

Original Poster:

49,633 posts

198 months

Sunday 25th January 2015
quotequote all
CraigyMc said:
Yes, you can.

My business actually does it for me automatically. I get taxed via PAYE.
The business pay whatever it is per mile the revenue have decided is OK that month - 14p say, then the business does an adustment called AMAP (Approved Mileage Allowance Payments) in my pay for the difference up to the 45p per mile rate.

Basically, because I don't get paid 45p per mile for business they reduce my income tax bill for a value calculated based on the bit between the 14p and the 45p, multiplied by the number of miles I did.
Exactly you don't get the difference between £0.14 and £0.45 ie £0.31 instead you are getting £0.062 or £0.124 on top of the £0.14.

Lots of people make this assumption but it is incorrect.

Welshbeef

Original Poster:

49,633 posts

198 months

Sunday 25th January 2015
quotequote all
Matt UK said:
Welshbeef said:
They have.
Our pence per mile rate has reduced from £0.19 to £0.16 and looking to decrease further.
16p?

As the Finance Director I would have thought you were central to such company policy. A surprise to find you on an internet forum bleeting about it.
Such policies are made at group level decisions made by the Group FD - there are roughly 8 FD's reporting in from a UK perspective widen that to EMEA & US etc I believe the total number of my equivalents is in the order of 60.

Welshbeef

Original Poster:

49,633 posts

198 months

Monday 26th January 2015
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GC8 said:
In July I paid £14 for 10 mile journies at 04:45. Youre being had Sunshine.
Even longer trips are more than you.

Currently Heathrow is 90 mile round trip however price I at least £180 for a taxi. So £2/mile v you're £1.40.

But local taxi costs for me are £5-6/mile often this trip takes 7 mins (lots of fixed traffic lights) not once have I been stuck in congestion as I leave early and return late.

Welshbeef

Original Poster:

49,633 posts

198 months

Monday 26th January 2015
quotequote all
dme123 said:
Welshbeef said:
When fuel prices went up taxis round where I live were quick to put up the prices however prices now are not dropping and as far as I can tell they have become the new norm.

Why are we not pushing for this to be dropped its outrageous - ditto bus prices generally people without cars are paying more than is needed.
Are you offering to be paid less now it doesn't cost you as much to get to work?
My salary doesn't include commuting costs so my cost are irrelevant.

Welshbeef

Original Poster:

49,633 posts

198 months

Tuesday 27th January 2015
quotequote all
NoNeed said:
the same could be said about bus and train fares but I have yet to see the comsumer benefit from fuel price fluctuation.
Certainly for Buses - trains are mainly electrified for unless the whole sale electric cost reduces then it should stay static.



Actually given utility costs have come down over the past few years how come rail train tickets and water etc have not decreased accordingly or is this just them keeping margin (or investing in all staff above living wage?)