The Chancellor of the Exchequer, Jeremy Hunt, has committed to consult on the VAT treatment of Private Hire Vehicles (PHV) in early 2024. The announcement was made in the Autumn statement delivered earlier today.
The decision follows a recent High Court ruling in the case of Uber Britannia Ltd v Sefton MBC, which inadvertently triggered tax regulations requiring 20% VAT on private hire fares for the first time in the industry’s history.
This change has raised concerns among private hire operators across England, who have been lobbying for a 0% VAT status for PHV journeys.
Source: www.taxi-point.co.uk
