Uber settles VAT claim with HMRC and posts better than expected results
by Julia Kollewe from on (#65C7P)
US-based company hands over 615m to UK tax authorities after previously claiming it was exempt from VAT
Uber is handing 615m to UK tax authorities to settle an investigation into unpaid VAT, as it reported better than expected results, sending its shares higher.
The San Francisco-based ride hire and food delivery company said it achieved a UK tax settlement on Monday to resolve all outstanding VAT claims and would pay 615m to HM Revenue and Customs during the fourth quarter.
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