Milton Keynes Chartered Accountants for taxi drivers & taxi companies.
Keep your meter running smoothly with smarter tax & accounting.
From allowable expenses to VAT registration, fuel ratios and driver status — get clear, practical tax guidance built for life on the road.
The reality of the taxi sector
The unseen tax trapsin the taxi industry.
Taxi drivers and private hire businesses need to consider fuel ratios, mileage records, VAT decisions, capital allowances and driver status reviews, all of which have real consequences for tax, profit and compliance.
Issues that frequently catch taxi businesses include:
Claiming all allowable expenses, including mobile data, dispatch fees and equipment
Correctly calculating capital allowances on vehicles
Handling private mileage adjustments
Understanding the fuel-to-turnover ratios HMRC expects
Deciding whether VAT registration makes financial sense
Establishing and evidencing self-employment status for drivers
Getting accurate tax planning for both owner-drivers and companies
Who we work with
Who relies ontaxi industry expertise.
Taxi work is demanding — long hours, fluctuating income and a constant flow of expenses that must be tracked and claimed correctly. That’s exactly why so many transport professionals choose accountants who understand how the taxi trade actually operates.
Example businesses include:
Sole taxi drivers
Uber drivers
Courier service operators
Limousine drivers
Private hire companies
Minicab operators
Chauffeur services
Small fleets with employed or self-employed drivers
Any business involved in passenger transport