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Old May 24th 19, 08:11 PM posted to uk.transport.london
Roland Perry Roland Perry is offline
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First recorded activity at LondonBanter: Aug 2003
Posts: 10,125
Default Uber and the VAT man

In message , at 18:05:47 on Fri, 24
May 2019, JNugent remarked:

How Uber allocates their turnover is not relevant to the question of
what their turnover is.


It is if the main way they "allocate" the funds is by sending 75% to the
drivers (on a booking agency basis) and keeping 25% commission.

Any business which pays out more than it previously did in wages or
overheads reduces profitability, but turnover only vchanges if turnover
changes.


The only overhead that the Uber that's paying 75% to drivers (and the
drivers paying all their costs like renting and insuring vehicles,
paying themselves a wage etc) has, is running its booking platform.
--
Roland Perry