Thank you for your reply.
You had two questions ---
1) Car rental business:
i will purchase second hand vehicles and rent them out as taxi's in exchange for a fee which is paid on a weekly basis. I will service the vehicles and handle any repairs.
Will i be able to write off vehicle deprecation for my fleet?
Will i be able to write off car repairs/tires, mot, etc?
The answer to both is YES as it is a business assets and repairs are business expense.
I will be selling tickets for various shows across the uk, and will price based on market value and will have a very slim margin. With that said for the business to be viable i must sell large quantities and will most likely exceed the vat threshold. Is there any way to avoid this and only pay marginal tax?
At a 10% commission vat will leave me at a major loss and the business will fail
Answer - you would reclaim VAT on tickets purchased and sold through this vendor and effectively pay HMRC VAT on the commission. You should not be out of pocket if you are VAT registered as output would equal input on ticket price. Your net income is the commission received from sales.
I hope this is helpful and answers your question.
If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.