It is advisable to keep the asset separate from the business. The licence itself is inexpensive to maintain: periodic renewal fees and little else. The real cost lies in running the business:
- Vehicle: lease or loan repayments, maintenance, MOT — the cost depends on whether you operate a hybrid, electric or petrol/diesel vehicle.
- Insurance: a passenger transport policy is significantly more expensive than private motor insurance.
- Driver: if employed, salary plus National Insurance contributions in line with the collective agreement; if you drive yourself, your self-employed contributions.
- Fuel or charging, depending on the vehicle and mileage.
- Platform commission: Uber, Cabify or Bolt take a percentage of each service (this is a variable cost, but in practice the largest of all).
- Administrative and management costs: invoicing, taxes, employment matters.
If you do not wish to manage the operation yourself, leasing turns the equation on its head: you hand over the operation to a fleet operator and the licence starts to generate net income with minimal costs to you. The profitability simulator compares the two scenarios using up-to-date, editable parameters.
The living price reference is the VTC licence price index: by province and month by month, with sample and source.
LAST REVIEWED · Jul 19, 2026 — VTC360 guide: general criteria, not advice for your specific case.