Tax guide for Wolverhampton private hire drivers 2026 — Self Assessment, HMRC registration, allowable expenses and National Insurance for Uber and taxi drivers.
Yes. Private hire drivers are self-employed and must register with HMRC and complete an annual Self Assessment tax return. The deadline is 31 January online. You pay tax on your net profit (income minus allowable expenses).
Tax depends on your net profit. The personal allowance is £12,570 (2025/26). Income between £12,571 and £50,270 is taxed at 20%. You also pay Class 2 NI (£3.45/week if profits exceed £12,570) and Class 4 NI (9% on profits between £12,570 and £50,270).
Keep records of all income (Uber/Bolt weekly statements), all expenses (fuel receipts, rental agreements, insurance documents, licensing fees), mileage logs and any other business costs. HMRC recommends keeping records for at least 5 years.
Yes. Private hire drivers are self-employed and must register with HMRC and complete an annual Self Assessment tax return. The deadline is 31 January online. You pay tax on your net profit (income minus allowable expenses).
Tax depends on your net profit. The personal allowance is £12,570 (2025/26). Income between £12,571 and £50,270 is taxed at 20%. You also pay Class 2 NI (£3.45/week if profits exceed £12,570) and Class 4 NI (9% on profits between £12,570 and £50,270).
Keep records of all income (Uber/Bolt weekly statements), all expenses (fuel receipts, rental agreements, insurance documents, licensing fees), mileage logs and any other business costs. HMRC recommends keeping records for at least 5 years.
Ready to start driving? View our Wolverhampton fleet or call 07547 785322. We also have a full licensing guide and a free earnings calculator.
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