- UK Government considering major tax changes for private hire vehicle sector
- Consultation looks at potential tax impacts of High Court ruling in favor of Uber
- Ruling confirms operators entering contractual obligation with passengers
- Potential impact on industry in requiring collection of VAT on fares
- Consultation seeks views on government interventions to mitigate adverse effects
- Government proposing amendments to transport or VAT legislation to avoid standard-rate VAT on PHV fares
- Many PHVOs already accounting for VAT as principal
- Changing legislation to revert to previous position would cost Exchequer around GBP750m per year
- Changes to VAT Act would impact the whole of the UK
Source: answerconnect.cch.com
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.
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