In a release on its results for third quarter 2022, Uber announced that it has settled all VAT claims with UK HMRC, amounting to approximately GBP 615 million. In the recent developments section of the result, Uber stated the following:
UK tax settlement: On October 31, 2022, we resolved all outstanding HMRC VAT claims related to periods prior to our model change on March 14, 2022. We do not expect any significant impact to the income statement as we have adequate reserves recorded as of September 30, 2022, related to this resolution. We expect a cash outflow of approximately GBP 615 million during Q4 2022 for this resolution.
Source Orbitax
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