How much does it cost to become a taxi driver?

 Any person driver with experience planning to become a taxi driver need to know that it cost a lot of money to become a taxi driver. Becoming a taxi driver is different from becoming a private hire driver. Private hire drivers do not need to spend on the maintenance of the car all the investment of the car and of the driver is of the big taxi company like uber. A taxi driver need to have their own taxi that means they need to purchase the taxi and also need to get the license of taxi driver. A taxi driver also needs to maintain the insurance of the taxi. And all the expenses of the car maintenance has to be paid by the taxi driver by themselves. And if by any chance driver is not able to afford his type then he has to drop the idea for has to go for the option of saving for investing his money which lead in good returns so that he can and he purchase the new taxi. There are various types of taxi drivers and so the cost created to become a taxi driver varies according to that.

 The first thing a driver needs to decide it’s to select the type of taxi driver he want to become. There are two types of taxi that run in London that is black taxi and white taxi.If a driver is willing to become a black taxi driver then he needs to purchase the hackney carriage which is costly. The new models of the taxi cost very much. Pco driver application required to fill the application form are also needs to give the medical. A person is required to clear the waste test which mainly includes B1 English training and topographical test.For clearing all the test a driver has to attend some classes and for that he needs to pay for the classes. A person is required to also pay for his check of criminal record. Whatever  checks made for the driver needs to be paid by the driver. Driver has to pay the fees of the doctor and all the test that is required to get the license. Now it is clear that to become a taxi driver unit amount of money without money you cannot start your career as a taxi driver as it requires lot of investment.

Read More For Info: Topographical test

Do Uber drivers pay tax UK?

Uber has become so popular in many countries that people have totally forgot in the other means of transport like taxi. Uber spread around the world even where The other taxi companies were not able to reach. Driver drawing super he has the opportunity around the globe and therefore everyone having their own car wants to join the uber. Uber do not hire employees but instead the drivers are the partner of uber. Uber give the large flexibility to the drivers of working hours. Anybody interested in the driving profession enjoying the uber is there is no restriction driver should ensure that he has applied for PCO driver application for the Pco licence application which will help him to work as a private hire driver for big taxi companies and Uber company treats every driver as a partner. Therefore Uber drivers also need to pay taxes. Working with Uber is like self employed a person needs to pay the taxes as per the government rules. So if you think you are a good driver and can join Uber and can on a good amount of money then you also need to pay the taxes. Travel is required to register himself for the self assessment and for getting the insurance. Driver is required to submit the personal tax return to initiate the self assessment.

After the driver is done with registering himself All self assessment and then he will get the 10 digit taxpayer reference number from which we can pay the tax. It is important for the every tax payer to have a 10 digit taxpayer reference ID which will help to pay the tax fast without any hassle. desired helped the government to ensure that every person is paying the tax on time and they also provide some cash back to the persons who are eligible to get it. Uber drivers are entitled to will the tax return on a particular date and month after that they might be charged for late submission of the tax return. Driver can save his income by keeping a close record of any kind of expenses made in his business. If driver makes the maintenance of the car and insurance or any time of expense then these are eligible for tax deduction. Any kind of expense made by the driver for the purpose of business then amount can be deducted from the tax.

Read More For Info: Topographical test