Uber driver Tax Advise For Self-Employed
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As an Uber driver in the UK, managing your finances can be complex. From tracking income and expenses to understanding tax obligations, it’s essential to have a clear financial picture. That’s where Ugo Tax comes in. We specialise in providing tailored financial solutions for UK Self-Employed Uber drivers , helping you navigate the intricacies of the gig economy and ensure your financial well-being.
Uber Driver Tax Advice in the UK — Expert Accountants for Self-Employed Drivers.
Services
Uber Driver Allowable Expenses Advise
Not only can we advise on what the correct Uber driver expenses to claim on UK tax return are, but we can also help you find the best way to reduce your tax bill.
Self Employed Or Limited Company
By far the biggest question Uber drivers have is how to structure their business. Fear not, we advise on what is the best approach either self-employed or limited company; expert explains which is better.
Guidance On Saving For your Uber Tax Bill
Nobody likes a giant tax bill to pay at the end of the year. We provide tax help for Uber drivers, and support planning for this by advising them on how to save and how much to save.
Avoid HMRC Fines and Charges
Fines for not filling on time, or claiming the wrong expense is a real possibility for Self-Employed Uber drives. But with Ugo Tax we ensure these things are a thing of the past.
Get Your Uber Driver Tax Advise Today
Uber Drivers reduce your stress and worry about how to navigate the complex world of tax. Allow us to come with you on your journey with hassle-free support.
Uber Driver Tax FAQ’s
What expenses can an Uber driver claim?…
When you drive for Uber the cost of the things such as your vehicle, fuel and insurance are tax deductible. You can also claim for vehicle valeting and servicing.
Are Uber drivers self employed?…
The short answer is Yes, Uber drivers in the UK are self-employed.
Do Uber drivers have to pay tax?…
When you are paid by Uber the income you receive has not been taxed like it would if you was employed. Therefore you have to declare your income to HMRC and pay any tax which might be due.
Do I need an Accountant if i drive for Uber?…
It is possible to file your tax return yourself, however filling late or submitting the wrong expenses can land you in hot water with HMRC. For a stress free life it recommended to use a qualified accountant.
Does Uber deduct tax and national insurance from my income?…
No, Uber does not deduct tax and national insurance from your pay.
What if I earn under £1000 as an Uber driver?…
If you only earn under £1000 as an Uber driver you do not need to register as self employed to declare that income. If however you earn over £1000 during the tax year, you must declare that income to HMRC.
What Allowable Expenses Can Uber Drivers Claim in the UK?
One of the benefits of being a self-employed Uber driver is that when you submit a tax return, some of your costs can be claimed back as expenses.
These expenses include:
- Car wash cost and valeting
- Floor mats
- first aid kit
- car tool kit
- Portable battery booster
- Vehicle Insurance
- Tyre inflater machine
- Road side assistance fee (e.g: AA or GreenFlag)
- Toll fees: bridges or motorways
- Airport parking fees
- Snacks and beverages for customers
- Monthly Phone Bill
This is not the complete list, should you want more information on what you can and cannot claim please feel free to [get in contact]
Important Notice
HMRC warning to Uber drivers in the UK
From January 2024 HMRC now has the power to access information from platforms such as Uber and investigate any drivers who have not reported income they have earned.
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