What are a Taxi Driver’s Tax Responsibilities?
As a Taxi Driver in Ireland you are a business man or woman. You are self employed and like all other people who work for themselves you have some responsibilities.
Your responsibilities are as follows:
- Register with Revenue to be classed as self-employed.
- Hold a valid tax clearance cert at all times.
- Keep proper books and records for a period of 6 years.
- File an income tax return (Form 11) each year on time.
We can register you with Revenue to be self-employed and once your tax returns are up to date we can apply for your tax clearance cert.
Keeping books and records means, for in the case of a future Revenue audit, that you always have ready for an inspector a copy of your accounts, your tax return and all the invoices that make up the expenses. You would also have to prove your income so a printer print out can help in this situation or statements from Hailo, MyTaxi, Uber or Freenow can help.
Many drivers keep a daily diary of what their income is. You don’t have to lodge the money to a bank account.
Your tax return must be filed by 31st October in the following year. For example for the period 01st January 2018 – 31st December 2018, the tax return due should be filed on or before 31st October 2019.