News for hackers. Stuff that matters.

A comment on HMRC (UK Tax Authority) Persuing Uber for £386M (~$487M) Vat. Parent comment

Re:HMRC (UK Tax Authority) Persuing Uber for £386M (~$487M) Vat by raverbashing on Wednesday August 02, 2023 @07:22AM (#36969384)
> Or you could just account for VAT properly in the first place like 99% of businesses manage to.

Ah yes but if you RTFineA it's not as clear cut

And I kinda agree with them in this case. They shouldn't be liable for VAT on the whole of the trip cost.

[ Parent | on HN ]
Re:HMRC (UK Tax Authority) Persuing Uber for £386M (~$487M) Vat by kybernetikos on Wednesday August 02, 2023 @07:33AM (#36969451)
I would naïvely expect them to charge VAT to the customer for the full amount, but be able to reclaim against that any VAT paid to the driver. Isn't that how VAT normally works?
[ Parent | on HN ]
Re:HMRC (UK Tax Authority) Persuing Uber for £386M (~$487M) Vat by petesergeant on Wednesday August 02, 2023 @08:31AM (#36969975)
> They shouldn't be liable for VAT on the whole of the trip cost

I was going to reply to this to say "why not, everyone else does?" and then read the actual Tweet thread, which is very interesting. Thank you for encouraging me to read it!

[ Parent | on HN ]