Ride-booking app Uber is under investigation by HM Revenue & Customs because it allegedly owes more than £1billion in unpaid taxRide-booking app Uber is under investigation by HM Revenue & Customs because it allegedly owes more than £1billion in unpaid tax. Uber doesn't pay VAT on its fares, because it claims it acts as a 'middleman' between self-employed drivers and customers. He estimates that Uber's potential VAT bill will be £260m a year, with taxmen able to claim four years back payment. Three months later Kalanick was forced to formally step down after a group of investors wrote a letter demanding his departure. According to the Sunday Times, Uber said: 'Uber fulfils and will continue to fulfil its tax obligations in the countries in which it operates.'

Source: Daily Mail May 19, 2019 12:22 UTC