Can I use the UKKO Entrepreneur service as a Bolt driver?

Yes. The UKKO Entrepreneur service is suitable for a Bolt driver who works independently without employees. UKKO takes care of your bookkeeping and other financial administration tasks, so you can focus on working as a driver.

How to start using the service

1. Register for the UKKO Entrepreneur service using the email link you received from Bolt or the general registration page.
2. Check that your sole proprietorship is registered in the Finnish Tax Administration’s VAT Register or that your sole proprietorship is required to report sales of services within the EU.
3. Activate the International Trade add-on so that your income from Bolt can be processed in your bookkeeping.
4. Activate the add-on from your account settings after registering.

The International Trade add-on costs EUR 10 per month plus VAT.

How to report your Bolt income

Bolt sends you a monthly invoice showing your income from the previous month and the commissions deducted by Bolt.

Add the monthly invoice to the UKKO service as soon as you receive it from Bolt.

How to add the monthly invoice

1. Log in to the UKKO service.
2. Go to Income → Add income.

3. Upload the monthly invoice or balance report you received from Bolt to the service.

4. Select Sales as the transaction type.

5. Select 13.5% as the VAT rate. (Any bonus or other compensation paid by Bolt is subject to 0% VAT under the EU reverse-charge mechanism.).

6. Enter the total amount shown on the monthly invoice (gross sales plus any other compensation).

7. Enter the buyer as an individual or company, depending on the type of income.

8. Select Finland or Estonia as the buyer’s country, depending on the type of income.

9. Report Bolt’s fees as a deductible expense (sales commission: 0% VAT; deduction country: EU country).

10. Mark the income as paid.

UKKO will process the receipt and make the necessary bookkeeping entries.

Remember to report tips

Also add any tips to the service. Tips are business income and are treated for tax purposes in the same way as other business income.

What expenses can I add to my bookkeeping?

You can add business-related expenses to your bookkeeping.

The Bolt commission shown on the monthly invoice is also a deductible business expense. UKKO adds the commission to your bookkeeping based on the monthly invoice.

Can I add my car expenses to my bookkeeping?

You can add the purchase and operating costs of your car to your bookkeeping if the car is mainly used for business purposes.

If more than 50% of the kilometers driven with the car are related to your business activities, the car belongs to the business assets of your private trader business. In that case:

1. Add a price estimate or sales agreement for the car to the service.
2. Enter the other required vehicle details.
3. Add the car’s purchase and operating costs to your bookkeeping.
4. Keep a driving log showing business and private driving.

Please note that any VAT adjustment relating to the purchase and operating costs of a car used for business is made in the final VAT return of the year, once the proportion of business and private driving is known.

Frequently asked questions

Is the service suitable for a Bolt driver who has employees?

This article applies to a Bolt driver who works independently without employees. If you have employees or are planning to hire employees, contact customer service to confirm whether the service is suitable for your situation.

Why do I need the International Trade add-on?

Your income from Bolt is treated as income received from abroad. The International Trade add-on allows this income to be added to your bookkeeping.

Where can I find my Bolt monthly invoice?

Bolt sends the monthly invoice to your email address. You can also find more information about monthly invoices on Bolt’s website for drivers. Bolt/For Drivers

Where can I find more information?

You can read Bolt’s instructions for drivers or contact Bolt customer service at finland@bolt.eu.

If you have questions about the UKKO Entrepreneur service, contact UKKO customer service at asiakaspalvelu@ukkopro.fi.

If you need help

Contact UKKO customer service at asiakaspalvelu@ukkopro.fi if:

• you cannot find the International Trade add-on in your account settings
• you are unsure how to add a Bolt monthly invoice to the service
• you need help adding car expenses or vehicle details
• you are unsure how to treat a particular expense in your bookkeeping.

If possible, include your Business ID, the relevant monthly invoice or receipt, and a description of the situation.