Uber stock: UK ‘taxi tax’ contract rewrite puts VAT risk in focus ahead of Monday trade
Uber Technologies Inc shares are likely to be in focus when U.S. trading resumes on Monday after a report said the company rewrote driver contracts outside London to reduce exposure to Britain’s new VAT regime, which would have lifted the tax take on app-booked rides. The Economic Times said the changes shift VAT liability to drivers — many below the £90,000 VAT registration threshold — potentially blunting a Treasury revenue projection of about £700 million a year. The Economic Times
