- The First-tier Tribunal ruled that HMRC does not have to return Uber’s £1.4 billion VAT deposit until all appeals are complete, despite Bolt’s recent legal success.
- Both Uber and Bolt argue their services should be taxed under the Tour Operators Margin Scheme (TOMS), which would reduce their VAT liability.
- The Upper Tribunal agreed Bolt’s services fall under TOMS, but HMRC is appealing this decision to the Court of Appeal; Uber’s case is on hold pending Bolt’s outcome.
- Uber deposited the VAT as required by law and did not claim hardship; the Tribunal found no legal basis to refund the deposit at this stage.
- The Tribunal rejected Uber’s arguments for a refund, prioritizing HMRC’s interest in securing the revenue until the legal process concludes.
Source: deeksvat.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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