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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 |
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