by Nick Bonnaud
Looking for the best driver accountants Birmingham has to offer? With the help of our professional accounting services for drivers in Birmingham UK, you can keep your finances in control, pay less tax and keep more money in your pocket to spend on the things you enjoy doing.
Workers who drive a taxi, Uber or Ola in the UK are self-employed contractors. Technically, you are working with taxi companies, ride-sharing companies and delivery agents. Her Majesty Revenue and Customs will hold you accountable for paying your taxes and filing your expense reports.
Once they begin working, drivers must register at HMRC to receive self-assessment tax returns as well as Class 2 or 4 national insurance.
We offer financial support and guidance for Uber, Deliveroo and Ola drivers. Qualified accountants will be assigned to you in order for you to keep a detailed record of all your income, savings and expenses.
What we offer:
Applying for tax rebates to reduce your tax bill as a self-employed worker can help you lower your taxes. HMRC provides an official list with allowable expenses you may claim.
Costs associated with purchasing a vehicle used for Uber and taxi jobs:
To ensure that you are fully reimbursed for expenses incurred, our qualified accountants will share their knowledge. You will also be able to meet deadlines, and ensure your paperwork is in order.
HMRC does not accept tax rebate requests for meals allowances, parking fines and penalties. These expenses are the responsibility of drivers and must be paid for by them.
You can save both time and money by appointing qualified accountants to work with Deliveroo and Uber as well as Taxi, Taxi, and Delivery Drivers. The experienced advisors will help you register as self-employed with HMRC and maintain financial records. They can also assist in avoiding tax rebate claims or liabilities.
Deliveroo files tax returns and declares yearly earnings to HMRC. You will file your taxes separately if you are a Deliveroo driver.
Deliveroo riders pay taxes through self-assessment tax returns. You will be taxed according to income tax and national insurance programs if you hold another job. Most employers deduct PAYE taxes from monthly wages.
HMRC will register your earnings if you make more than £1,000 per Deliveroo. Similar rules are applicable to drivers who operate under transport and delivery services.
The tax deductible covers several expenses that drivers have to pay while they register and on the road. Tax rebates are available for delivery and ride-share drivers. They include car repairs, maintenance, registration fees, insurance coverage and fuel expenses.
HMRC allows drivers of Deliveroo (or Uber drivers or Taxi drivers), to claim mileage allowance. For distances greater than 10.000 miles, standard tax returns will pay 45p/mi. Longer distances are covered by 25p/mi.
Uber does not deduct taxes on the wages of self-employed drivers.
Call us on 0121 235 0315 to talk to our specialist driver accountants in Birmingham for a free ‘no-obligation’ tax review to show you exactly how we can help you pay less tax, keep more money in your pocket and grow your business.
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Call trusted Birmingham accountants Quest on 0121 235 0315 for free tax, business and HMRC advice. Let’s have a chat about how we can help you pay less tax, keep more money in your pocket and grow your business 🙂
If you want to discover how we can help your business, Quest also offers the following services: VAT, Payroll, Business Tax, Tax Services, New Business, Self Assessment, R&D Tax Credits, Tax Deadlines and Annual/Management Accounts.