Self-employed taxi drivers could face a sharp increase in the cash they need to set aside for tax during the 2029–30 transition year, as HM Revenue and Customs (HMRC) prepares to replace its existing Payments on Account system with more regular payments. The change does not increase the tax owed. But drivers who are required to make Payments on Account may have to meet two sets of obligations in the same year: a final balancing payment under the current system and payments to

Insert circle image credit: HMRC Taxi drivers and other sole traders with qualifying income above £50,000 must send their second Making Tax Digital for Income Tax quarterly update by Saturday 7 November 2026. HM Revenue and Customs (HMRC) has published guidance on common questions to help customers prepare. The requirement became mandatory on 6 April 2026 for sole traders and landlords whose qualifying income exceeds the threshold. Updates must be sent using HMRC-recognised s

Transport for London’s (TfL) proposed changes to waiting time on pre-booked taxi journeys have drawn criticism from the Licensed Taxi Drivers’ Association (LTDA), which says the plans could leave drivers waiting without payment while their vehicle costs continue to accrue. In an article published by the association in TAXI Newspaper, LTDA executive Anthony Street says TfL is proposing that “the meter should not start until the passenger is safely inside the taxi and any mobil