The Uber Driver GST Surprise
Thinking about becoming an Uber driver? Make sure you register for GST
As most people are now aware, Uber drivers need to register for GST by the time they complete their first drive. What many are unaware of however is that the GST registration applies to any other businesses that they run as a sole trader.
Take the example of someone who has a micro business that turns over less than $75,000. Under GST law, the business owner is not required to be registered for GST and there should be no GST on the things they sell to customers.
However, if this same micro business person starts driving for Uber, the GST registration applies not only to their Uber activities but to their micro business as well.
Talk to our team on 02 9957 4033 to get further guidance on GST and your business.
Please note, we are closed for the Christmas & New Year break and will be back in the office from 9 January 2017.
This article is provided for information purposes only and correct at the time of publication. It should not be used in place of advice from your accountant. Please contact us on 02 9957 4033 to discuss your specific circumstances.