Uber reaches 615 mn pound tax settlement with Britain

Uber reaches 615 mn pound tax settlement with Britain

Uber reached a 615 million settlement with British tax authorities in the latest ripple effect from a court ruling determining drivers are workers and not self employed
Uber reached a 615 million settlement with British tax authorities in the latest ripple effect from a court ruling determining drivers are workers and not self employed. Photo: Tolga AKMEN / AFP/File
Source: AFP

PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy!

Uber will pay British authorities 615 million pounds (around $700 million) to settle a tax dispute following a British judicial ruling that classified drivers as workers, the company said Tuesday.

The ride-hailing company disclosed the agreement with HM Revenues and Customs as it reported third-quarter results, saying the cash payment will be sent to authorities in the fourth quarter.

The settlement is the latest ripple effect from a major March 2021 ruling by Britain's Supreme Court classifying Uber drivers as employees, rejecting the Silicon Valley company's contention that the drivers should be categorized as self-employed.

As a result of that decision, British authorities had argued that Uber was on the hook for VAT taxes for the period prior to March 2022 when it operated in the United Kingdom. Uber began paying the levy in March.

In May 2021, Uber reached an agreement with a British trade union to represent its 70,000 drivers in the UK.

Source: AFP

Authors:
AFP avatar

AFP AFP text, photo, graphic, audio or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP news material may not be stored in whole or in part in a computer or otherwise except for personal and non-commercial use. AFP will not be held liable for any delays, inaccuracies, errors or omissions in any AFP news material or in transmission or delivery of all or any part thereof or for any damages whatsoever. As a newswire service, AFP does not obtain releases from subjects, individuals, groups or entities contained in its photographs, videos, graphics or quoted in its texts. Further, no clearance is obtained from the owners of any trademarks or copyrighted materials whose marks and materials are included in AFP material. Therefore you will be solely responsible for obtaining any and all necessary releases from whatever individuals and/or entities necessary for any uses of AFP material.