Driving can be a demanding job because you have to make deliveries and pickups all the time while keeping an eye on your star rating. Making sure you are providing the greatest experience for your clients is crucial, but it's even more crucial to make sure you don't fall behind when it comes to filing your taxes, especially as a self-employed delivery driver.
When you work for Uber, Deliveroo, or as a cab driver, you are really a self-employed taxi driver or contractor who has collaborated with them rather than technically working for them. This implies that your expenses and taxes are entirely your responsibility. As soon as your wheels hit the road, you must register with HMRC for self-assessment and class 2 & 4 national insurance.
You will be given a UTR number when you register with HMRC; it is crucial that you write this down since it serves as your unique identification number. You have to file your taxes by the 31st of January if you work as a self-employed Uber taxi driver, Deliveroo rider, or taxi driver, and the 31st of October if you do it on paper.
Keep track of all the crucial documents that relate to your income and expenses, and take pictures of them so you can save them safely. Utilising reliable online bookkeeping services or professional bookkeeping services UK can help you stay organised and compliant.
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What Expenses Uber, Taxi and Deliveroo Drivers can Claim?
The most evident expenses are related to the vehicle and could include:
- The price of the vehicle itself, including fuel, maintenance, insurance, and repairs, if it is only used for work
- Expenses for maintaining your vehicle's cleanliness Insurance and public liability insurance
- If you purchased the vehicle with a loan, the interest charged on that loan Road safety devices, tools and kits (such tire inflators), floor mats, and other accessories.
- Your smartphone and any related accessories (such as charging connections and mounts), but only if you're using it exclusively for work.
- Contract for a monthly mobile phone, again if only for work purposes
- Customer amenities include water, food, and more.
- The breakdown covers
- bridge tolls, airport taxes, and road tolls, among others For instance, if you're creating marketing brochures, office supplies.
- Costs associated with training, such advanced driving classes
- Uber's salary deduction
Why You Must Consider Taxbee Accountancy for your Self-Employed Delivery Driver Accounting and Bookkeeping Services?
With all the paperwork and procedures involved, managing your finances can be intimidating. We at Taxbee Accountancy are here to make things easier for you. Either you're a self-employed taxi driver, an Uber taxi driver, or a self-employed delivery driver, you can concentrate on your trips and deliveries while we take care of the tiresome financial chores.
We walk you through every step of the process, from finishing your self-assessment to submitting your paperwork to HMRC. Using our professional accountant for taxi driver services or online bookkeeping services ensures you are never overwhelmed by your taxes.
When we say "Taxbee Accountancy," we mean easy grace. You may rely on us to streamline and simplify your accounting procedure. With Taxbee Accountancy, enjoy the highest quality at the most competitive pricing!
