Uber stock ends 2025 lower as UK ‘taxi tax’ contract rewrite report surfaces
Uber shares closed down 0.5% at $81.71 on Dec. 31 after reports said the company is rewriting UK driver contracts outside London to shift VAT liability ahead of a rule change due Friday. The new rule will add 20% VAT to London app-booked rides. U.S. markets were closed Thursday for New Year’s. Investors are watching for UK regulatory response and Uber’s pricing moves when trading resumes.