How will Uber share information with HMRC as per the recent changes, effective January 1, 2024?

In the UK, there will be new tax regulations regarding internet platform reporting starting in 2024. Uber will need to begin obtaining all required tax information from new drivers who download the app on January 1, 2024. Uber will provide HMRC with this information regarding these drivers on January 31, 2025. Uber drivers who registered before December 31, 2023, will not have their information shared with HMRC until further notice. Early in 2024, details regarding the drivers of today will be made public. You don’t need to take any action as of right now in response to this email.

What is happening?

“Digital platforms” refers to websites and apps that facilitate the provision of products and services. Food delivery services, short-term rentals, and private and vehicle rental services are a few examples.

Uber will be required, along with other digital platforms, to formally report to HMRC the earnings of every driver in the United Kingdom who works on the platform. If Uber didn’t comply with the law, they ran the risk of facing harsh penalties.

When will this go place?

• New drivers who download the Uber app will have to provide Uber with the required tax information as of January 1, 2024. HMRC will receive this information regarding these vehicles on January 31, 2025.

•Uber will have to begin providing HMRC with information about all of its drivers, both new and old, on January 1, 2025. We shall inquire of present drivers in 2024 as to when this data is expected to be submitted for the first time.

What details does Uber have to provide to HMRC?

For the majority of drivers who downloaded the app on their own and completed at least one trip within a year, Uber will have to disclose:

  • Name as it appears on legal documents, birthdate, primary residence, NINo, and VAT number (if applicable).
  • All revenues from rides, tips, promotions, and other payments received by the driver via the Uber app

Uber will be required to disclose the following information to drivers who signed up as tax-registered businesses and completed at least one trip within a calendar year:

• The company’s legal name • Its principal place of business • The VAT number, if applicable; • The business’s registration number

• All revenues from rides, tips, promotions, and other payments received by the driver via the Uber app

Can I refuse to provide my information to HMRC?

Uber is required by law to provide this information to HMRC, even if you do not want them to. Before sharing any information with HMRC, we will provide you a copy of it so you can review it and provide your consent. Uber want all drivers to assist as little as possible, and their team is working hard to make this process as easy as possible. If you have any issues concerning this update, please contact uber using the “Help” function in your Driver app.

How can Taxsteins Ltd help you?

If you require assistance in getting yourself registered for self-employment, please contact us at 02071559545 or drop us an email at info@taxsteins.co.uk