Thursday, 10 October 2019

Even Uber thinks its tax dodging days are over... by Jo Maugham.


Update from Crowd Justice, on Uber must pay all of its taxes

After years of pressure from us, funded by you, Uber now accepts it is likely to have to charge VAT to its customers and hand over unpaid VAT to HMRC. 

We know this because it has told us that under its US accounts it will recognise a contingent liability. 

And as I understand matters (I am not a US accountant) a company recognises a contingent liability, as Uber has done, when it thinks it has a more than 50/50 prospect of having to pay it. 

So Uber thinks it has a more than 50/50 prospect of having to charge VAT - and hand over unpaid VAT. 

You can read more in the Financial Times here. We will continue with our judicial review proceedings until we have absolute clarity - and our next hearing is on 6 November

We will report further as more information comes to light.

Thanks for your support

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