Please note that we only work with UK residents.
Next stop: HM Revenue & Customs. If you haven’t been keeping on top of your paperwork as an Uber, Taxi or Deliveroo driver, it’s unlikely that they’ll tip you for this ride.
Working as a driver can be hectic, with constant pickups and deliveries to be made, all while being conscious of your star rating. However, while it’s important to ensure you are offering customers the best possible experience, it’s even more important to not leave yourself short when it comes to filing your taxes.
Working for Uber, Deliveroo or as a taxi driver means you don’t technically work for them, you’re essentially a self-employed contractor that’s partnered with them. This means you are solely responsible for your expenses and your taxes. The first step is to register yourself with HMRC for self-assessment and class 2 & 4 national insurance as soon as your wheels hit the road.
When you sign up with HMRC you’ll be issued with a UTR number, and it’s important you note this down as it’s your unique identifier. As a self-employed Uber, Deliveroo or Taxi driver, you must submit your tax returns by 31st January each year if online, and 31st October if by paper.
Be sure to keep hold of all important paperwork regarding your earnings and expenses, taking pictures of them so you can securely store them.
Who We Work With
At Dead Simple Accounting we charge just £275 including VAT for self-assessment tax returns, and can take you through the entire process.
If you’re interested in other services, such as setting up a company or payroll, head over to our quote page for a free and instant estimate.
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What Expenses Can Uber, Taxi and Deliveroo Drivers Claim?
The most obvious expenses center around your vehicle, and may include:
- The cost of the car itself, if used solely for work
- Fuel, servicing, insurance and repairs
- Costs associated with keeping your car clean
- Insurance as well as public liability insurance
- If you used a loan to buy the car, the interest associated with that loan
- Accessories such as floor mats, tools/kits (e.g. tyre inflators), road safety equipment and more
Alongside the above, you may also be able to claim expenses on:
- Your smartphone and associated accessories (e.g. mounts, charging cables etc.), but only if it’s solely for business use.
- Monthly mobile phone contract, again if solely for business use
- Amenities for customers including snacks, water, tissues etc.
- Breakdown cover
- Road tolls, fees associated with airports, bridge tolls etc.
- Office supplies, for example if you’re producing marketing collateral
- Training costs such as an advanced driving course
- Uber’s cut of your pay
Expenses are important as they ultimately allow you to pay less tax, but it can be a headache navigating through them and keeping on top of paperwork. Thankfully, that’s where we can help.
Why use Dead Simple Accounting
Dealing with finances is no easy feat considering the amount of paperwork and legalities involved. Dead Simple Accounting leaves you to take care of your rides and deliveries, while we take care of the boring stuff. We can guide you through the entire process, from completing your self-assessment to filing them with HMRC.
When we say Dead Simple, we really mean it. Thanks to some nifty tech, we’re able to tap straight into your Uber/Deliveroo and pull out all the necessary info required for your tax return.
Don’t want to take our word for it? Let our five-star ratings across Google and Facebook do all the talking.
Need Some Further Help?
If you’re ready to start your career as an Uber driver, get in touch with us and we can get you up and running in no time.
Uber Accounting FAQs
While it’s possible to file your taxes yourself, an accountant can help manage an Uber driver’s income, making sure they file their self-assessment tax return on time.
Your accountant can advise on the best method, but there are some great solutions available such as Xero, FreeAgent and Sage.
Uber drivers can expense things such as the cost of the car, fuel, servicing, insurance, repairs, cleaning and much more. An accountant can help advise on what can and can’t be claimed as an expense.
Uber drivers are mostly sole traders. You can also setup a limited company, but it depends on your earnings as to whether this makes sense or not.
Yes, Uber drivers are self-employed for tax purposes. You do not work for Uber.
These days there’s an abundance of tools and resources at your disposal, software that handles your invoices and expenses, to mobile based banks that cut the boring paperwork.
We only work with the best of the best, and have partnered with several big names to offer you various goodies when signing up.