
Uber loses UK Supreme Court appeal over tax on rival apps
The unanimous decision dismissed an appeal brought by Uber, confirming that private-hire operators do not enter into a direct contract with passengers.
Uber had initiated the legal challenge following a 2021 Supreme Court ruling that classified its own drivers as workers, which had significant implications for its tax and other obligations.
The ride-hailing company sought a declaration that all private-hire taxi operators should be considered to have a direct contractual relationship with passengers, thereby incurring VAT.
Last year, London's High Court initially ruled in Uber's favour, suggesting operators would be liable for the 20 per cent tax.
However, this decision was reversed by the Court of Appeal in July 2024, following a challenge from private hire operators Delta Taxis and Veezu.
The Supreme Court has now upheld the Court of Appeal's judgment, concluding the legal battle.
The Supreme Court ruling will clarify the legal position for operators across much of England and Wales and may have significant implications for how private hire services are structured and delivered outside London.
The news comes after Uber announced it will launch self-driving taxis in London from spring 2026.
This has been enabled by the Government's decision to bring forward trials of self-driving commercial taxis and 'bus-like services' in England to next spring.
In a separate case, Estonian ride-hailing and food delivery startup Bolt this year defeated an appeal by Britain's tax authority HMRC about what it should pay VAT at 20 per cent.
HMRC has since been granted permission to challenge the ruling that Bolt is only liable for VAT on its margin, rather than the full cost of the trip, at the Court of Appeal.

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Belfast Telegraph
14 minutes ago
- Belfast Telegraph
Kris Meeke reveals the two things he's relying on to help banish his Rali Vinho da Madeira hoodoo
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The Independent
14 minutes ago
- The Independent
FTSE 100 ends flat ahead of likely US rate hold
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A fifth successive hold is in the offing during the final meeting before a summer break. The US rate call will be swiftly followed by earnings from two of the Magnificent 7 after the closing bell on Wall Street – Microsoft and Meta Platforms. 'Coming hot off the heels of strong TSMC and Alphabet earnings, traders will be watching closely for capex spending habits and chip demand figures to highlight the continuation of the AI story. Nonetheless, for Meta and Microsoft, their performance will once again come down to the hum drum areas of advertising and cloud revenues,' said Joshua Mahoney, analyst at Rostro. Ahead of this investors weighed data showed the US economy registered stronger than expected growth in the second quarter of the year. According to the Bureau of Labour Statistics, the US economy expanded 3.0% quarter-on-quarter on an annualised basis in the three months to June. The reading topped an FXStreet cited forecast of a 2.4% rise and follows a first quarter which saw the US economy shrink 0.5%. 'The increase in real GDP in the second quarter primarily reflected a decrease in imports, which are a subtraction in the calculation of GDP, and an increase in consumer spending. These movements were partly offset by decreases in investment and exports,' the BEA said. But TD Economics said the figures 'overstated' the degree of strength in the US economy. 'An unwinding of Q1's tariff front-running resulted in imports contracting by the largest amount (outside of the pandemic) since the height of the global financial crisis, resulting in a massive positive contribution to GDP. Once the effects of net trade, inventories and government were removed, sales to private domestic purchasers, expanded by just 1.2% or its slowest rate of growth in 2.5 years,' it noted. Nonetheless, US President Donald Trump stepped up pressure for an interest rate cut, citing the rosier economic growth figures. ''Too Late' MUST NOW LOWER THE RATE,' Mr Trump said on his Truth Social platform, using his critical nickname for Fed Chair Jerome Powell. The pound eased to 1.3285 dollars late on Wednesday afternoon in London, compared to 1.3337 dollars at the equities close on Tuesday. The euro traded at 1.1479 dollars, lower against 1.1537 dollars. Against the yen, the dollar was trading higher at 148.94 yen compared to 148.38 yen. The yield on the US 10-year treasury was at 4.37%, stretched from 4.35%. The yield on the US 30-year Treasury was at 4.91%, widened from 4.88%. In London, the results season continued in full swing with results from more FTSE heavyweights hitting the wires. GSK climbed 4.8% as it forecast annual sales growth at the top end of its outlook range, after 'another quarter of excellent performance' saw revenue and profit beat forecasts. The London-based pharmaceutical firm said its portfolio of Specialty Medicines led the way, and the group added that it is 'positioned to respond to the potential financial impact of tariffs'. Revenue in the second quarter of 2025 rose 1.3% to £7.99 billion from £7.88 billion, helping to push pretax profit up 26% to £1.89 billion from £1.50 billion. Core operating profit rose 12% at constant currency to £2.63 billion from £2.51 billion. Company-compiled consensus looked for revenue of £7.80 billion and operating profit of £2.47 billion. But HSBC slumped 5.0% as it said pretax profit fell 27% to 15.81 billion dollars in the six months ended June 30 from 21.56 billion dollars a year earlier. Diluted earnings per share fell to 0.65 dollars from 0.88 dollars. HSBC maintained its interim dividend at 0.10 dollars per share, but announced plans to initiate and complete a three billion dollar share buyback before its third quarter results are released. Housebuilder Taylor Wimpey shed 6.0% after revealing a £222 million increase in its cladding fire safety provision, a move RBC Capital Markets said caused several investors 'we spoke to this morning to choke on their cornflakes'. Elsewhere, International Personal Finance said it would be minded to accept a takeover bid from a suitor of around £500 million, should an offer come. The provider of credit products and insurance services confirmed it was in 'advanced' talks with asset-based financing provider BasePoint Capital. A price per share of 223.8 pence has been mooted, a sum IPF would recommend to shareholders should an official bid materialise, IPF said in a statement. Shares in IPF closed 19% to the good on the news. Brent oil was quoted higher at 72.99 dollars a barrel in London on Wednesday, up from 70.74 dollars late Tuesday. Gold fell to 3,292.75 dollars an ounce against 3,327.45 dollars. 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The global economic calendar on Thursday sees an interest rate decision in Japan overnight, plus retail sales, industrial production and consumer confidence figures in Japan, and US weekly initial jobless claims and the Chicago PMI.


The Independent
14 minutes ago
- The Independent
Premium Bonds prize checker: When is August's NS&I draw and how can I check if I've won?
Every month, savers have the chance to win big prizes as the Premium Bonds winning numbers are announced. There are now 24 million people taking part in the government-backed savings scheme, with more than £127bn banked. Premium bonds are an investment product from the National Savings and Investment (NS&I), which is owned by the government. Each month, millions of savers are entered into a prize draw to win cash prizes ranging from £25 to £1 million, with two millionaires made at every draw. Every £1 entered has a 22,000-to-one chance of winning. The minimum investment is £25, while the maximum is £50,000. These savings don't accrue interest as with regular bank accounts, but are put up against a random digital prize picker called 'Ernie' – the Electronic Random Number Indicator Equipment. The date of this month's draw is Friday 1 August. The results of this draw are available a day later and released by the NS&I here. What are the chances of winning? There are many premium bond winners every month, but the actual chance of winning remains fairly low. Most people will never win a prize, meaning their investment will stay the same. However, the scheme is also risk-free, meaning money won't be lost either. Analysis by money expert Martin Lewis found that the 'interest rate' on premium bonds accounts is 4 per cent when all winnings are considered – but notes most people won't see anything like this. Many savings accounts in the UK also offer a higher interest rate than this, which will be far more consistent. The distribution of prizes changes slightly every month. Here were the results in January 2025: £1 million x 2 £100,000 x 82 £50,000 x 163 £25,000 x 328 £10,000 x 818 £5,000 x 1,636 £1,000 x 17,163 £500 x 51,489 £100 x 1,987,844 £50 x 1,987,844 £25 x 1,803,871 How to check if you've won To check if you've won a prize on premium bonds, you can visit the NS&I checker on its website and enter your bond numbers. There is also an NS&I app which allows savers to check results on the go.