Omo, e be like say Uber and Bolt don enter one kain wahala for London as dem don close loop for VAT wey dem dey use run things sharp sharp. This kain gbege fit make taxi ride for London increase well well, as tax go dey applied on full fare, not just profit wey dem dey make.
Rachel Reeves, wey na the Chancellor, don come out yan say na im dey put this ‘taxi tax’ for ground because of di wahala wey dey between traditional taxi drivers and these ride-hailing apps. Dem don reason am say di move go raise around £700 million for di government. Omo, wahala dey!
Before now, dem dey use one tax scheme wey dem sabi as ‘tour operators’ margin scheme’ wey allow dem pay VAT only on di profit, no be full fare. But now, di government don close di loophole, meaning dem go dey charge VAT on di whole fare. Dis one go make taxi wey dey run with traditional black cabs get fair chance to play di game.
Uber don talk say dis new tax plan go raise dem prices for London riders. Andrew Brem, di big man wey lead Uber UK talk say e go mean say
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