Uber Fees
1 - 17 of 17 Posts
Joined
·
10,708 Posts
We pay GST on the gross fare and claim a GST credit on the Uber service fee.
For more information, see https://www.ato.gov.au/general/ride-sourcing-and-tax/.
Joined
·
1,433 Posts
Download the weekly invoice from Uber, it will show your GST
Joined
·
5,964 Posts
Umm I will attempt to simplify the GST process for you
As a new driver I presume your uber commision/ fee is 27.5 % now 2.5% of that is ubers GST which uber gives to the ATO.
Now the money uber puts into your bank , it is up to you to pay your GST ,minus your credits on e.g. Fuel etc. every 3 months called BAS Statement , :smiles:
Welcome to the forum
Joined
·
394 Posts
This is true
Joined
·
71 Posts
Thank you
Joined
·
957 Posts
uber fees cover income tax and GST, the money uber deposits in your bank account is yours to keep and spend on yourself
Joined
·
558 Posts
Don't forget that the weekly invoice is incorrect.
It shows the incorrect amounts on the Transport Levy (the Net Amount showing is the Inc amount not the Ex)
Also does not show the CTP Levy at all.
I have to manually adjust it each week to balance it back to the Weekly Payments Summary before entering it into my accounting system.
FUber have been told of this error in the invoice 12 months ago and it looks like they are never going to get the report correct.
The statement from @The Source is completely incorrect.
Follow this advise from @The Source and you will have the ATO knocking on your door wanting their money.
Joined
·
5,964 Posts
I have to agree with Max above .
The uber tax ADVICE STATEMENT , IS EXACTLY that ADVICE only ,
Only rely on your separate uber account statements ( a must ) from your bank as to what your correct earnings are .
Even the booking fee never works out , the 5 cents ( gst) seems to disappear for eg.
On the Advice statement ,
I always hand write he sum of ubers deposits + actual k' s traveled , from my log book .
Even though my spread sheet includes all the above ,
Also my
My bank statement for uber
My k's traveled for that month , by removing the page
There are ways to help your accountant .
As for the suggestion from Source ,all deposits ,money in your bank from uber is yours
I can only shake my head
( sorry source but that's wrong mate)
The uber tax ADVICE STATEMENT , IS EXACTLY that ADVICE only ,
Only rely on your separate uber account statements ( a must ) from your bank as to what your correct earnings are .
Even the booking fee never works out , the 5 cents ( gst) seems to disappear for eg.
On the Advice statement ,
I always hand write he sum of ubers deposits + actual k' s traveled , from my log book .
Even though my spread sheet includes all the above ,
Also my
My bank statement for uber
My k's traveled for that month , by removing the page
There are ways to help your accountant .
As for the suggestion from Source ,all deposits ,money in your bank from uber is yours
I can only shake my head
( sorry source but that's wrong mate)
Joined
·
1,433 Posts
Joined
·
2,391 Posts
Same thing in Victoria happens for the Government levy and also any split fares. I tried to tell Uber about it and kept getting told they weren't able to provide any tax advice
At least they get it right in their monthly 'advice' so I just ignore the weekly receipt info for those two items.
Joined
·
957 Posts
Money in the bank as Franco used to sayAs for the suggestion from Source ,all deposits ,money in your bank from uber is yours
I can only shake my head
( sorry source but that's wrong mate)
is all that matters to ants, also ants think petrol is their main running cost.Does that include the booking fee and levy, too?
Joined
·
2,391 Posts
Yes but it is a matching revenue (from customer) and expense (to Uber) so has no effect on net GST position
Joined
·
5,964 Posts
The booking fee of 55cents has been interesting , from the time it was introduced :thumbdown:
55 cents fee , the 5cents is supposed to be the GST , and returned to us BUT ,lately the whole 55 cents is being deducted by uber , instead of just 50 cents
Now it dosent bother me as I don't do enough trips
However a full timer , would notice it if e.g.
They did 500 trips × 5 cents = $ 25 ?
Joined
·
2,391 Posts
Not an issue @Golfer . You declare an income of 55 cents including 5 cents GST and a payment of 55 cents including 5 cents GST. You get no net GST liability and Uber have to pay the 5c GST. It's exactly as it should be since the booking fee is actually theirs (even though we all wish it wasn't)The booking fee of 55cents has been interesting , from the time it was introduced :thumbdown:
55 cents fee , the 5cents is supposed to be the GST , and returned to us BUT ,lately the whole 55 cents is being deducted by uber , instead of just 50 cents
Now it dosent bother me as I don't do enough trips
However a full timer , would notice it if e.g.
They did 500 trips × 5 cents = $ 25 ?
Joined
·
5,964 Posts
I'll leave it with you :smiles:Not an issue @Golfer . You declare an income of 55 cents including 5 cents GST and a payment of 55 cents including 5 cents GST. You get no net GST liability and Uber have to pay the 5c GST. It's exactly as it should be since the booking fee is actually theirs (even though we all wish it wasn't)
1 - 17 of 17 Posts
