EXPENSES

Complete List of Taxi Driver Expenses You Can Claim

By Sardar Muhammad, AAT 8 min read

Black cab taxi on street

💰 Why Expenses Matter

Every pound you claim as an allowable expense reduces your taxable profit. Less taxable profit = less tax to pay. Many taxi drivers miss thousands of pounds in legitimate expense claims each year. Use this checklist to make sure you're claiming everything you're entitled to.

Two Methods: Actual Costs vs Simplified Expenses

Before we list expenses, you need to understand your options:

Option 1: Actual Costs

Claim the actual business proportion of all vehicle expenses:

  • Keep all receipts and invoices
  • Calculate business vs personal use percentage
  • Best for high-mileage drivers with expensive running costs

Option 2: Simplified Mileage Rate

Use HMRC's flat rate per business mile:

  • Cars: 45p per mile (first 10,000), 25p thereafter
  • Motorcycles: 24p per mile
  • Simpler record-keeping – just track mileage
  • Cannot claim separate fuel, insurance, repairs etc.

My recommendation: For full-time taxi drivers doing 30,000+ miles per year, actual costs usually work out better. I can calculate both methods for you.

Driver in car using phone for navigation

🚗 Vehicle Running Costs

Only claim these if using the actual costs method

Expense Notes
Fuel (petrol/diesel)Business proportion only
Electric vehicle chargingHome and public charging
Vehicle insuranceMust cover hire & reward
Road tax (VED)Full amount if 100% business use
MOT testAnnual test fee
ServicingRegular maintenance
RepairsMechanical repairs
TyresReplacement and repair
Breakdown coverAA, RAC, Green Flag etc.
Car wash / valetingKeeping vehicle clean
Parking (while working)Not personal parking
Congestion chargesIf driving in charge zones
Toll chargesBusiness journeys only

📋 Licensing & Regulatory

Expense Notes
Private hire/taxi badgeGlasgow City Council licence
Vehicle licence (plate)Annual renewal
DBS check (disclosure)Criminal record check
Medical examinationRequired for licensing
Knowledge test feesInitial or renewal tests
Topographical testIf required by council

📱 Technology & Equipment

Expense Notes
Mobile phoneBusiness proportion
Phone contract/dataEssential for apps
Phone mountDashboard holder
Phone charger (car)12V or USB charger
Sat nav subscriptionTomTom, Google Maps etc.
DashcamFor safety/insurance
Card payment terminaliZettle, SumUp etc.
Transaction feesCard payment processing

🎽 Clothing & Passenger Comfort

Expense Notes
Uniform/branded clothingIf required by operator
Bottled water for passengersHospitality items
Mints/sweetsFor passengers
Air freshenersVehicle presentation
Phone chargers (passengers)Customer service
Seat coversProtecting vehicle

🏢 Business & Administrative

Expense Notes
Uber/Bolt service feesCommission deducted from fares
Taxi operator radio rentIf using dispatch system
Public liability insuranceAdditional coverage
Accountancy feesTax return preparation
Use of home office£6/week or proportion of bills
Business bank chargesIf applicable
StationeryReceipt books, pens
Receipts and calculator for expense tracking

❌ What You Cannot Claim

  • Everyday clothing – normal clothes you could wear outside work
  • Food and drink for yourself – unless overnight stays away from home
  • Fines and penalties – parking tickets, speeding fines
  • Personal portion of expenses – private mileage, personal calls
  • Initial driving lessons – but advanced training may qualify

Record Keeping Tips

  • Keep all receipts – photograph them or use an app
  • Track mileage – use an app or logbook
  • Separate business banking – makes tracking easier
  • Download Uber/Bolt statements – keep annual summaries
  • Keep records for 6 years – HMRC can check back this far

Need Help Claiming Expenses?

I'll make sure you claim everything you're entitled to.

SM

Sardar Muhammad, AAT Certified

Sardar is an AAT certified accountant and founder of LimeTree Accounting Solutions in Glasgow. He specialises in helping taxi drivers, delivery drivers, and self-employed professionals with their tax returns.