Uber and Uber Eats – Do You Know Your Obligations?

Are you looking at becoming an UBER driver? Are you already a driver? Do you know someone who is? Do you understand your reporting obligations?

One of the most popular things to come out of 2018 was the boom in the Ride Sourcing Service “UBER”. Now “UBER Eats” is expanding and becoming just as popular with food lovers.

Not only is it popular with the consumer, it is also a popular way to earn a bit of extra income. This is where some fail to understand the reporting obligations that coincide with this additional income.

Uber and Uber Eats – Do You Know Your Obligations?

Uber (Rive Sourcing)

Did you know it is a requirement for ALL Uber Driver’s to be registered for GST regardless of their turnover?
Yep, this is where people can get confused. Although the Australian Taxation Office has rules surrounding the registration of GST, this particular criteria does not apply when it comes to ride sourcing.

Uber Eats (Delivery)

This service is not classed as “ride sourcing” and therefore is separate to “Uber” itself. Uber Eats reporting obligations follow the current GST turnover requirements.

Considering becoming involved with Uber or Uber Eats? call the team and book a time with one of our accountants to ensure you know what your obligations are! 08 7324 7381 | admin@dmctax.com.au