- Chancellor Jeremy Hunt to consult on VAT treatment of Private Hire Vehicles in early 2024
- High Court ruling triggered tax regulations requiring 20% VAT on private hire fares
- Private hire operators lobbying for 0% VAT status for PHV journeys
- Concerns raised about the impact of 20% VAT on private hire fares
- Consultation to assess the impact of the court ruling and potential consequences for the industry and passengers
- Pressure being put on HM Treasury and HMRC to extend zero-rating to private hire
- Addison Lee CEO welcomes the Chancellor’s commitment to reviewing VAT on private hire journeys and calls for clear guidance from HMT and HMRC on how VAT should be applied and enforced.
Source: taxi-point.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.
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