A Shout Out to all the Uber Drivers - Here are a Few Facts You Really Need to Understand
Uber drivers are subject to some rules that are not the same as every other business operator. It is important therefore to understand what you will have to do if you are considering driving for Uber. If you require specific assistance then please give me a call on (07) 5439 1600 or book an appointment by CLICKING HERE.
Uber or Taxi? Does it even matter for the purposes of your tax?
The short answer is, yes it does matter because the Tax Office have specific rules for taxi's which define a taxi as a 'vehicle made available for public hire that is used to transport passengers for fares'. It would be difficult to argue Uber vehicles were therefore anything other than a taxi and Uber drivers must comply with the same "tax" rules as other taxi drivers.
- You must register for an ABN.
So what do those rules mean?
As an Uber driver you are carrying on an enterprise, or business and are required to have an ABN whether registered as a sole trader, company or trust.