Uber Drivers - Declare or Beware

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Uber Drivers – Declare or Beware

The ATO has given notice (in Government Gazette C2017G00611, 5 June 2017) that it is expanding the scope of the data matching program, announced in December 2016, to identify individuals engaged in providing ride-sourcing services – such as Uber. Data will be required for an additional 12 months, ie for the 2016/17, 2017/18 and 2018/19 financial years.

Ride-sourcing facilitators (for example, Uber) and/or their financial institutions will be requested to provide extra details to identify ride-sourcing providers (drivers) and about payments to drivers from identified accounts. Ride-sourcing facilitators provide an electronic platform enabling members of the public to engage the services of a ride-sourcing provider (a driver).

If you have not already sought advice on how to report your ride-sourcing income, then contact us now. With the end of financial year fast approaching, it is important to get on top of your tax compliance now.

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Greg Jewell

Greg is Director of Jewell Moore. As a Chartered Accountant with almost 30 years experience in public practice, within a large international firm as well as a small boutique firm. Greg is passionate about business, and in particular supporting clients to grow and improve their business. Greg has practical ownership and management experience in several different industries and he applies this to his professional skills to give the client an uncommon approach to their business needs.