ISSUES
: Business and Trade
Chapter 2: Corporate responsibility
34
Taxi-hailing service Uber paid just
£22,134 corporation tax in UK
Uber insisted it had paid “every penny of tax that is due”.
U
ber is the latest company to risk public anger
after paying just £22,134 corporation tax in the
UK last year despite making a £866,302 profit
here.
A spokesman for the taxi-hailing service denied it had
used any loopholes and insisted it had paid “every
penny of tax that is due”.
He added: “With corporation tax, past losses offset
current and future profits – as is the case with Uber
which made losses in the UK in previous years. This is
an accounting principle to encourage investment that
dates back to Benjamin Disraeli. It is not a loophole.
It comes one week after Facebook revealed it paid just
£4,327 corporation tax in the UK in 2014. A string of
multinational firms have been criticised in recent
months for taking steps to legally avoid corporation
tax.
TaxPayers’ Alliance chief executive Jonathan Isaby said
such cases would keep arising until the Government
took steps to level the playing field for companies.
“We will keep reading about big companies like Uber
paying a pittance in tax until politicians get a grip on
our maddeningly complex tax code,” he said.
“The system for taxing companies was designed
decades ago and is now totally unsuitable for the
modern, digital economy. It is time for politicians to
stop their pointless moralising and fundamentally
reform the tax code so all companies can compete on
a level playing field.”
In other news, Uber is set to launch a service for
disabled passengers in London.
The minicab-hailing app said more than 100 of its most
experienced drivers have signed up to the uberAssist
scheme.
Those needing it can request the service by typing
ASSISTUK into the promotion screen on Uber’s app.
20 October 2015
Ö
Ö
The above information is reprinted with kind
permission from
Herald Scotland
. Please visit
for further information.
© Herald & Times Group 2016
“Uber is set to launch a service for
disabled passengers in London”
“Uber [paid] just £22,134 corporation
tax in the UK last year despite making
a £866,302 profit”
“We will keep reading about big
companies like Uber paying a
pittance in tax until politicians get a
grip on our maddeningly complex tax
code”
