Bolt set for £190m VAT bill after legal defeat
FROM THE PUBLISHER
Ride-hailing platform Bolt has been refused permission to appeal a case brought by HMRC over how it calculates and pays its VAT. This follows HMRC winning an appeal in June against the Estonian tech giant over its VAT payments and calculations, overturning earlier decisions that had ruled in Bolt’s favour. The tax authority brought the appeal , questioning whether Bolt could use the tour operators’ margin scheme (TOMS). Under this scheme, businesses only pay VAT…
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