The transfer of driver and vehicle licences for small public service vehicles, which includes taxi, hackney, and limousine licences, is prohibited under section 14(1) of the Taxi Regulation Act 2013. There are no plans to adjust this provision at this time, the rationale being that a licence should indicate a person’s suitability to carry out a function and should not be transferrable to another person or have, by association, a monetary value or be tradeable on the open market or redeemable for a value.
Under the current Regulations the holder of a taxi, hackney, or limousine vehicle licence may rent or lease a licence to another person. Further information on rules for such arrangements can be obtained directly from the National Transport Authority, which is the statutory regulator for the sector.