UK tax authority wins appeal in dispute with Bolt which could affect Uber

Uber Technologies,Inc.

Uber Technologies,Inc.

UBER

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- Britain's tax authority on Friday won an appeal in a dispute with Estonian ride-hailing and food delivery company Bolt, in a ruling which could affect its rival Uber.

Bolt had argued in the roughly £190 million ($254.81 million) dispute with HM Revenue and Customs that it was liable to charge valued added tax of 20% on its margin, rather than the entire fare charged to customers.

But London's Court of Appeal ruled in HMRC's favour, overturning two lower tribunal decisions. Uber UBER.N has a similar case pending which has been on hold as Bolt's case was ongoing.


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