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Uber to pay US$700 million to UK tax authorities

Lovell Massy by Lovell Massy
November 2, 2022
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(FILE) A man displays a mobile phone with the Uber app in London on March 17, 2021. afp_tickers

This content was published on 01. November 2022 – 21:26
01. November 2022 – 21:26

(AFP)

Uber announced on Tuesday that it will pay 615 million pounds (about $700 million) to UK tax authorities.

In December 2021, London’s High Court ruled that ride-hailing platforms operating in the British capital were not mere “agents”, as Uber argued, but had a direct contractual relationship with customers.

The decision came after a UK Supreme Court ruling in February 2021 that found that drivers working on platforms were effectively salaried workers and not self-employed.

The High Court’s decision had the effect of forcing ride-sharing apps to include value-added tax (VAT) in their fares.

UK tax officials later said Uber had paid the fee.

In addition to the results for the third quarter of 2022 published on Tuesday, Uber indicated on Monday that an agreement had been reached between the two parties, which provides for a payment of 615 million pounds to the British tax authorities before the end. year.

The group clarified that the cost will not have a “significant impact” on its accounts. “We have enough reservations,” Uber said in a press release.

Lovell Massy

“Total creator. Devoted tv fanatic. Communicator. Evil pop culture buff. Social media advocate.”

Lovell Massy

Lovell Massy

"Total creator. Devoted tv fanatic. Communicator. Evil pop culture buff. Social media advocate."

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