- The Supreme Court refused Bolt permission to appeal, leaving the Court of Appeal’s July decision as the binding precedent on VAT treatment of ride-hailing/PHV supplies.
- The decision confirms that PHV operators acting as principal must account for VAT on the full fare under TOMS-style treatment, including for journeys taken before the new legislation effective from 1 January 2026.
- Operators already VAT-registered may need to make historic VAT adjustments, subject to the 4-year cap.
- The effect is uneven geographically: London operators required to act as principal are caught, while operators outside London can continue to act as agents and charge VAT only on their commission.
- The Delta/Veezu Supreme Court case confirmed that non-London operators are unaffected and can keep VAT treatment limited to commission/margin.
Source: xeinadin.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.
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