Free taxi driver tool
Taxi earnings calculator
Work out what you really take home from taxi, private hire or app work after commission, fuel, rental, insurance and licence fees. Enter your own figures; nothing is sent to us.
- Free to use
- Works on your phone
- Nothing sent to us
Take-home before tax
per week · £0.00 per hour
- Fares and tips£0
- Commission and operator£0
- Vehicle costs£0
- Insurance, licences and tests£0
- Per year, before tax£0
An estimate from the figures you enter. It does not include income tax or National Insurance and is not financial advice.
How the taxi earnings calculator works
Enter what you take in a typical week, then your costs. Weekly costs are used as they are; monthly and yearly costs are spread across the weeks you work, so a yearly insurance premium is divided by your working weeks rather than 52.
- Commission is worked out as a percentage of fares. If your operator charges a flat weekly rent or radio fee instead, put it in the rent box.
- Vehicle costs include fuel or charging, rental or finance, servicing and parking. Our fuel and charging calculator can help with the fuel figure.
- Insurance and licences include your taxi policy, badge, plate and test fees. Our renewal reminder keeps track of when each is due.
The result is before income tax and National Insurance. Self-employed drivers usually pay tax on profit after allowable business expenses; GOV.UK and an accountant can explain what applies to you.
Thinking about whether a different vehicle or a fleet arrangement pays better? Read about taxi fleet insurance, part-time taxi insurance and private hire cover.
FAQs
Questions about this tool
Is the taxi earnings calculator free?
Yes. It is free, works on any device and does not send your figures anywhere. They are saved only in your browser so they are there next time.
Does it include tax?
No. The result is before income tax and National Insurance. It is an estimate of business profit from the figures you enter.
How should I enter app commission?
Enter the percentage the app takes from fares. If you pay a flat weekly fee to an operator instead, enter it in the operator rent box.
Why divide yearly costs by weeks worked?
Because those costs have to be covered by the weeks you actually earn. Dividing by 52 would make them look smaller than they are.
Can I save or print my results?
Yes. Use the print button to print or save a PDF. Your figures also stay saved in this browser.
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CoverMyTaxi is a trading style of Mymoneycomparison.com Ltd. Tools on this page give estimates from the figures you enter and are not financial, tax or insurance advice.