UBER - Uber Loses VAT Lawsuit For Rivals Outside London | Benzinga
Uber Technologies Inc's (NYSE:UBER) competitors in the taxi industry will not face a 20% VAT charge on their profit margins outside of London following a court ruling on Monday that overturned a previous decision.
The Court of Appeal reversed the ruling that private-hire operators enter into a contract with passengers, sparing them from the value-added tax (VAT) obligations.
The original case was initiated by Uber after a 2021 Supreme Court decision classified its drivers as workers, affecting Uber's tax obligations, Reuters reports.
Uber sought to establish that private-hire taxi operators enter into contracts with passengers, which London's ...