US-based company hands over £615m to UK tax authorities after previously claiming it was exempt from VAT
Uber is handing £615m to UK tax authorities to settle an investigation into unpaid VAT, as it reported better than expected results, sending its shares higher.
The San Francisco-based ride hire and food delivery company said it achieved a UK tax settlement on Monday to resolve all outstanding VAT claims and would pay £615m to HM Revenue and Customs during the fourth quarter.
Continue reading...https://ift.tt/3QXKVPz
Originally posted in the guardian.
