One of the things that you need to do as a driving school instructor is file your annual tax return! The deadline for filing your online tax return for the 2007/08 year is January 31st 2009.
In order to be able to file your tax return, you as a driving instructor need to keep accurate records of earnings, expenses and any capital costs you incur while running your school. Administration is something that many ADIs or those thinking about becoming a driving instructor don't factor into the time that they have to use to earn the money made for teaching learners to drive.
If you haven't filed your online tax return, then you need to do it TODAY, to avoid a late payment fee, it doesn't matter if your driving school made a profit or loss.
Note: Your National Insurance (NI) contributions you make as a driving insructor are not tax deductible.
