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Monthly Archives: April 2017

Do Uber Drivers Have to Pay GST?

Important Update

From 1/12/2017, Uber started invoicing as an Australian entity, paying GST to the ATO.

Although this has no effect on your net income for the quarter, it does reduce your weekly income by the GST amount and then give it back to you by a reduced amount owed on your quarterly BAS.

See the post Uber and GST Revisited for full details.

Uber drivers and GST

Unfortunately, Uber drivers are liable for GST as was decided in a ruling the ATO published in August 2015. The ruling was challenged in court, with the court upholding the ATO ruling, that Uber was considered “taxi travel” and was subject to the same GST rules as actual taxis. So what does that mean for you as a driver?

Not only do Uber drivers have to pay GST, they have to pay it on the total amount that the passenger pays, not just the amount that Uber transfers to their bank account. In a sense, you are paying Uber's share of the GST as well, because they are not registered as an Australian company.​

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How Often do I Get Paid and What is Flex-Pay?

Ever have a job that you only got paid once a fortnight, or even worse, every month? It’s both good and bad. The longer your pay cycle, the better you become at managing your money, knowing it needs to last. In a perfect world, we’d all have plenty of savings, and not need to be stressed about how long it is until our next payday. Unfortunately, for most of us, that’s not the case, and that’s one of the reasons so many of us take up a second job, like rideshare driving.

Drivers driving for Uber get paid on a weekly basis. In Australia, it’s on a Wednesday that the payment normally hits drivers’ accounts. Recently, Uber has introduced a new service called Flex-Pay. Flex-Pay allows drivers to be paid at any stage during the week that they choose, even daily. Drivers can request, through the app, a payout of all earnings accrued since the start of the pay week (Monday at 4am). The earnings are then transferred immediately, hitting your account in 1-2 business days.

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How Much Do Uber Drivers Make?

How Much Does Uber Pay?

Make Money with Uber

If you’re looking to get rich from driving for Uber, you’re probably going to be a little disappointed. But if you’re looking to make a few hundred bucks part-time, work for a few months while you job hunt or even replace a crappy full-time job, this could be the perfect gig for you.

Sam and I are part-time drivers, Sam in Melbourne and me on the Sunshine Coast in Queensland. I’m retired and have no intention of making Uber a full-time job, so my approach is very casual. Typically, if I’m going out to the supermarket or library, I’ll flick the app on and pick up a few rides. My only exception to this is Sunday morning, where I typically go out before 8.00am and pick up a ride to the Sunshine Coast airport (a nice motorway run of around 40km) and then usually get one back to Noosa.

To me, this is one of the great things about this job. No shifts, no fixed hours. Just turn the app on when I feel like it, and off again when I feel like it.

With this approach, I typically make $500 - $800 a week.

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