The latest figures I could find on Uber and tax.
Simon Bowers
Monday 10 October 2016 20.05 BST Last modified on Tuesday 21 February 2017 17.13 GMT
Uber’s main British business paid only £411,000 in tax last year while the commission fees from thousands of drivers in the UK disappeared into a controversial tax structure in the Netherlands.
The latest accounts for Uber London Ltd show the UK company’s turnover doubled to £23.3m last year, but all of this income was earned by providing unspecified “support” to other companies within the taxi-app group, and not from driver commissions.
After deducting expenses, this small subsidiary, which employs 105 staff, made a profit of £1.8m and paid tax of £411,000.
Meanwhile, accounts for the company’s international sales hub in the Netherlands reveal that commissions from drivers in London and scores of other cities around the world were booming in 2015, pushing revenues up to $520m (£420m).
This was more than seven times the figure for 2014. Passengers pay their fares directly to drivers, who automatically hand over a commission fee to Uber that ultimately appears in the group’s Dutch accounts.
Uber International BV is one of a handful of companies in the Netherlands that together form the core of the group’s complex tax planning arrangements, helping minimise its tax bills around the world.
Details about Uber’s aggressive tax planning come as the group separately fights claims that it is aggressively exploiting UK employment laws. The US corporation is being sued by a group of UK drivers who say they should be classified as employees of Uber, which would allow them to receive a range of benefits. A court judgment in the case is expected to be release this month.
Alex Cobham, research director at campaign group Tax Justice Network, said: “Uber’s UK accounts confirm the extent to which major multinationals are impervious to policymakers’ rhetoric, and willing to take full advantage of both the weaknesses of international tax rules and of the absence of transparency.”