The statement is the monthly account between you and GuyWay. GuyWay collects your fares as your collection agent, deducts the charges set in your agreements, and settles the net balance with you. GuyWay issues it in your name. You are self-employed and responsible for your own income tax, advance taxes and NIS. Months are Georgetown months.
Where you find it
In GuyWay Driver, open the Statement tab. From the top:
| Element | What it shows |
|---|---|
| Today, This week, This month | Your share in GYD and the number of trips. Fares still being charged to riders are counted and marked |
| Per hour online | Your share divided by your time online |
| By month | Pick the Month. The figures fold into Fare, Expenses, Discounts and Yours, with every line under Every line |
| Your statement for this month | Once issued: the statement number and date, what is owing to GuyWay or was sent to your bank account, Open the statement, Dispute it and About this statement |
| Tax withheld | Any tax GuyWay withheld and remitted to the Guyana Revenue Authority, with Open the record |
| Every line | Each ride and each charge. Tap a ride for its lines, and a line to question it |
When the desk runs an incentive programme with published targets, Incentive programmes on this tab shows its terms and your progress.
Lines on the statement
| Line | What it holds |
|---|---|
| Balance brought forward | What was carried from last month |
| Fares and tips collected | Every completed ride, and the tips riders added in the app, 100 percent yours |
| Vehicle rental and running costs | Slot rent, the insurance contribution of GYD 325 per slot, and the fees below |
| Discounts | Any published discount you qualify for |
| VAT | VAT on the charges, at the rate in force, where it applies |
| Withholding tax | Tax withheld under section 39, where it applies |
| Adjustments | Corrections after a query or dispute, with the reason |
| Already remitted to you | Amounts already sent to you during the month |
| Closing balance | What is settled to you, or what you owe |
Promotions and member prices
A promotion or a GuyWay One member price that lowers a rider's fare is at GuyWay's cost, never yours. Your share is worked out on the fare before the discount, which is the share the offer showed you. The issued statement uses the same figures as the Earnings tab for fares, platform and dispatch fee, maintenance and electricity. The fares line holds the fare before the discount, the platform and dispatch fee is worked out on that fare, and the part GuyWay paid is shown just under the fares as "GuyWay promotion (paid by GuyWay)". That line is part of the fares above it, not an extra amount: the rider paid the fares less that line. No charge is shown as a negative amount. Your share of that ride is the same as it would be without the promotion. A discount that is part of your rate, such as the return-journey discount, still lowers the fare your share is worked out on.
Fees deducted from fares
| Fee | Amount | Where it is set |
|---|---|---|
| Platform and dispatch fee | 10 percent of fares | Platform Agreement, Schedule 1 |
| Maintenance, servicing and tyres | 7 percent of fares | Vehicle Rental Agreement, Schedule 1 |
| Charging contribution | 5 percent of fares | Vehicle Rental Agreement, Schedule 1 |
| Payment processing | What the card processor charged on a card fare, at cost, with no margin | Platform Agreement, Schedule 1 |
Rules that apply
| Rule | Detail |
|---|---|
| Month | The 1st to the last day, Georgetown time. Figures are fixed at month end |
| Settlement | The net balance is sent to the bank account on file, or by MMG. Check with GuyWay operations for the settlement date |
| Shortfall | If the charges exceed the fares, the shortfall is a debt to GuyWay. Unpaid for more than 30 days, it becomes payable in full |
| Set-off | Amounts owed each way are set off against each other |
| Dispute a statement | Within 14 days of its issue, with Dispute it. Anything upheld appears as an adjustment on the next statement |
| Question a line | Within 30 days of the statement. See Question a line on your statement |
| Refunds | A refund to a rider for a fault on the ride reduces your share. A goodwill credit GuyWay gives a rider is at GuyWay's cost and leaves your share untouched |
| Price held at booking | A ride booked at the price the rider was shown keeps the share that price was worked out with: a tariff change made in the 10 minutes the price is held applies to the next price shown, not to rides already held, and a promotion or GuyWay One price the rider gets is at GuyWay's cost |
Related: Published charges, Your bank account and VAT number, Question a line on your statement