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 has a similar case pending which has been on hold as Bolt’s case was ongoing.
