- Uber and other ride-hailing apps are facing VAT issues
- Bolt has won a case allowing them to use the Tour Operator’s Margin Scheme (TOMS) for VAT calculations
- HMRC wants Uber and Bolt to pay VAT on the full selling price, but they argue they should only pay on the profit margin
- An appeal in Uber’s case is scheduled for early 2024
- HMRC is also contesting the use of TOMS in the short stay lettings market
- Sonder won a case against HMRC, but an appeal is set for December 2024
- HMRC may seek to change the law if they lose these cases
- Businesses affected should consider submitting protective claims for VAT overpaid
- Retrospective claims are generally capped at four years.
Source: albertgoodman.co.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
