Why GoSimpleTax for Uber and Taxi Drivers
For Uber and Taxi Drivers, there’s hardly time to file your tax return let alone keep on top of your accounts. As such, it’s not uncommon for drivers to miss the 31st January deadline or fall foul of HMRC due to errors in their tax return submission. GoSimpleTax helps prevent that by enabling you to input your income and expenditure in real time, and therefore proactively update your tax return.
Our software walks you through the tax year, highlighting your responsibilities as you go.
Take Advantages Of HMRC Allowances
If you complete your return via the the HMRC website, it won’t tell you about the available allowances. Go Simple Tax via a series of questions highlights exactly what allowances you can claim for.
Allowable Expenses for Uber and Taxi Drivers
Business expenses are inevitable. Thankfully, many can be deducted as allowable expenses from your taxable profits to lessen your Income Tax bill.
These could include:
- Vehicle maintenance and repairs including petrol / diesel costs
- Car insurance premiums
- Lease / rent payments on vehicles
- Legal and accounting fees
- Road tax and MOT fees
- Interest on bank loans
- Parking and road toll fees
- Phone usage / radio hire
- GPS or other traffic management systems
- Website maintenance
- Marketing and advertising
Try out Go Simple Tax for yourself in our free trial – no credit cards required
How GoSimpleTax Video Works
Watch our video that explains how GoSimpleTax works