Many taxi and delivery drivers across the UK are starting to receive letters from HMRC about their income.
Over time HMRC has gained greater access to information from platforms such as Uber, Bolt and Deliveroo, as well as card payments and other digital records. As a result, the figures reported through these systems are increasingly being compared with what is declared on self-assessment tax returns.
A letter from HMRC does not necessarily mean that anything is wrong. Quite often it is simply a request for clarification or confirmation of income. That said, it’s not something that should be ignored. Dealing with it early usually makes the process much simpler.
For drivers who are self-employed, keeping accurate records of platform earnings, bank payments and any cash income is important.
At MHC & Co Chartered Accountants, we regularly assist drivers throughout the UK with HMRC correspondence, self-assessment returns and reviewing reported income from ride-hailing and delivery platforms.
In case you have received a letter and do not know what to do, you may find an explanation on what to do by talking to an accountant.
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