From 1 Dec 2017, Uber will be charging GST on all fees charged to drivers including the Uber service fee.
Airtax has done the hard work for you
As long as you've connected your Uber account with Airtax, as soon as you click on the Prefill button, your service fees will be populated for the right period (from 1 December 2017 only) automatically in the expenses section of your BAS. We've built the smarts to make sure your BAS is prefilled with the correct information from your Uber fees so once you've prefilled you're ready to go. Continue reading this article to find out more.
You can also find out more about our Uber integration and the amount we pull into your BAS here.
What does the GST ruling on fees mean for you?
As an Uber driver, you cannot claim the Uber fees which are charged to you prior to 1 Dec 2017 in your BAS as they do not include GST before this date. From 1 Dec 2017 the fees will include GST, and therefore could be claimable in your BAS if you are registered for GST and the conditions for claiming a GST credit are met. You can find out more about these conditions at the ATO website here.
For a lot of drivers who are registered for GST on a quarterly basis, this change will come into effect in the Oct - Dec 2017 BAS. However, it is important to note that the Uber fees for the whole quarter will not be claimable. Instead, it is only the fees relating to payments made after 1 Dec 2017 which could be claimable for GST purposes.
In Airtax we have updated the Uber integration to automatically pull through the gross income (as normal) and now also pull through the tolls and Uber service fees into the expense section of the BAS. We've made it easy and we only pull in the Uber service fees for December onwards. So, as long as you've connected your Uber account with Airtax, we'll do all the calculations for you. You just have to connect your account, click on the Prefill with Uber button and you're all done. All the information will be in there correctly automatically so you don't need to worry about a thing.
You can find out more about how to connect your Uber account to automatically pull through these details here.
Note regarding income prefill - What you see in your bank account will be different to what is prefilled into your income in Airtax
It is important to note that the income we pull through is the gross income as this is what needs to be reported for tax purposes. As this is the amount before the Uber fee is deducted it will not match the amount of cash you have received in your bank from Uber as the amount you receive in cash is after the Uber fee has been deducted, this is known as the net income amount. You can find out more about this here.