Uber Challenges HMRC Over £1bn VAT Bill Based on Turnover vs Profits

• Uber is in a dispute with HM Revenue & Customs over a £1 billion VAT bill
• The company believes VAT should be based on profits, not turnover
• Uber has paid £951 million in VAT and is seeking a refund
• The company recorded a turnover of £5.3 billion in the UK last year

Source: thetimes.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.