Uber (cont.)

  • More problems for Uber.
  • First, if Uber is deemed a Transport provider in the UK it might owe 20% VAT on gross bookings (ca. £1bn historically) and going forward.
  • This could also apply in the EU as well.
  • Second, it seems one of Uber’s insurer panel has quit – not a great sign and likely will lead to rising costs.
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