Taxi drivers can have a lot of deductible expenses, and it's common for a driver to miss eligible deductions they're entitled to. Claiming every allowable expense on your behalf is part of the job, and every driver's expenses look a little different depending on how they work. We double-check every one of your allowable expenses, and your expenses get logged as you go.

We typically claim for:

• Fuel, servicing, repairs, tyres and vehicle maintenance
• Taxi and car insurance, licensing fees and MOT costs
• Mobile phone and mobile data used for work
• Mileage or actual vehicle running cost, whichever suits a driver better
• Capital allowance on a bought or financed vehicle

Capital Allowances And Claiming For Your Vehicle

You may be able to claim capital allowance on a bought or financed car rather than deducting the full cost in one go. Claiming the wrong way can cost a driver real money over several tax years.

Choosing between claiming actual vehicle costs or a mileage method can change your taxable profit by a meaningful amount. You can claim mileage instead of actual costs if it suits you better, though HMRC's simplified mileage rules don't apply to vehicles built for commercial use, like a traditional black cab.

Drivers commonly claim fuel as their single biggest expense, alongside claiming mileage or claiming actual running costs depending on which method suits your taxi business. We build a full picture of your expenses before we touch your tax return. We check your expenses category by category, from fuel and insurance to mobile costs, so nothing is missed, no driver overpays, and you always know what to pay.

Good record keeping is the difference between a smooth tax return and a stressful one, and good finances start with good records. With Making Tax Digital now applying to more self-employed drivers, digital records aren't optional anymore for a growing number of you. Good accounting starts with good records.

We set drivers up with simple digital systems that track income and expenses as they happen, rather than a shoebox of paper records every January. Accurate record-keeping means that if HMRC ever raises a query, your paper trail is already there, and we ensure accuracy across every figure we submit on your behalf.

Some drivers stay solo their whole career. Others move from one car to a small taxi company, start employing other drivers, or take on subcontractors, and each step changes what a driver needs from an accountant.

There are now roughly 19,000 licensed private hire operators nationwide, a number that's grown fast in recent years. Our team handles payroll, contractor payments and the extra reporting that comes with running more than one vehicle, so growth doesn't turn into an admin headache for a driver already stretched for time.

If you're a taxi driver or you drive for Uber, Bolt, or a similar app anywhere in the country, we'd like to help. Book a free call with our team, tell us how you work and what you earn, and we'll give you a straightforward quote. Our focus is making tax simple for every driver we work with, so you can focus on fares, not forms.

As an experienced accountancy firm, we provide ongoing support long after your first tax return, not just a one-off service at deadline time. Vexo Accounting handles the numbers so every driver can focus on the road and keep their finances tidy all year.

An accountant who knows the trade spots deductions a generalist would miss. Get in touch today for your free quote and let a dedicated accountant take the tax stress off your plate for good.