One shelf of the guide
Operation
5 questions answered in this section.
Where can a private hire vehicle operate? The 80/20 rule
In principle, a VTC licence authorises the provision of services throughout the country. However, there is one caveat: the regulations require that the majority of services — the…
Read →Can I own a private hire vehicle without driving it myself?
Yes, and it’s a growing part of the market. There are three models, ranging from the most to the least involvement: Hiring a salaried driver. You manage the business (vehicle,…
Read →What happens if I leave the licence unused?
An inactive licence is an asset that loses value through three channels: Administrative risk. The licence must continue to meet its requirements (insurance, registered vehicle,…
Read →Can I hire a private hire licence to use myself?
Yes. It’s the same licence agreement that exists from the owner’s perspective, but seen from your point of view: you pay a monthly rent to the licence holder and the business is…
Read →Is it legal to lease a private hire licence? Contract requirements
Yes, the transfer of the right to operate under a private hire licence in exchange for rent is a legal and widespread practice — it forms the basis of the mid-market investment…
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