- Bolt won a significant victory against Britain’s tax authority in a tax tribunal.
- The victory could be good news for Uber.
- Bolt argued that it should be allowed to use a tax scheme called the Tour Operators Margin Scheme.
- The tribunal ruled that Bolt only has to pay VAT on its margin.
- The ruling could impact Uber’s similar battle with HMRC, which is worth around 386 million pounds.
Source: reuters.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.
Latest Posts in "United Kingdom"
- HMRC Publishes VAT Guidance for Cryptoassets in GfC21
- Abbey Group v HMRC: FTT Rejects Legitimate Expectation VAT Appeal
- VAT Refunds from the United Kingdom
- UK Budget to Extend Marketplace Deemed Supplier VAT Rules to Domestic Sellers
- Flashback on ECJ Cases C-409/98 (Mirror Group) – Tenant inducements are not exempt property letting
