What Is My Cab Tax?
Automated Income Ingestion Sync earnings in real-time directly from platform APIs including Uber and Bolt. No manual entry, no missed trip logs.
Open Banking Expense Matching Connect your business accounts securely. Our pipeline automatically identifies, tags, and cross-references your operating expenses using secure background automation.
Border-Aware Geofencing Our core innovation programmatically segments your trip logs the exact millisecond you cross regional boundaries, shifting localized tax rules instantly.
HMRC Mileage Allowances & Regulations
HMRC allows self-employed drivers to claim a flat, tax-free deduction of 45p per mile for the first 10,000 business miles driven in a tax year. Any business mileage accrued beyond this 10,000-mile baseline drops to a rate of 25p per mile.
Drivers can choose between tracking every single vehicle receipt (fuel, insurance, servicing, and depreciation) or utilizing HMRC's Simplified Mileage Expenses. MyCabTax runs parallel calculations in real-time to automatically apply the method that maximizes your tax refund.
Making Tax Digital (MTD) Compliance
Under the upcoming UK Making Tax Digital mandate, independent operators and taxi drivers are legally required to maintain digital records of all business transactions and submit quarterly digital updates. Our automated platform secures full compliance out of the box.
Under the upcoming UK Making Tax Digital mandate, independent operators and taxi drivers are legally required to maintain digital records of all business transactions and submit quarterly digital updates. Our automated platform secures full compliance out of the box.