Uber drivers plot exodus as platform swerves ‘taxi tax’

cityam01-13

Uber remains bullish and maintains that the transition is a necessary alignment Uber is staring down the barrel of a potential driver exodus as members of its fleet threaten to jump ship to rival apps...

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new terms that they claim turn them into “tax collectors” for the platform.This follows the removal of the Tour Operators’ Margin Scheme (TOMS), which came into effect on 2 January.TOMS is a niche tax break the Treasury previously estimated would net £700m a year for the public purse if closed.\n\nMessages seen by City AM have revealed that drivers are increasingly looking at rival platforms or local minicab firms, with many calling for a “mass log off”, and protests outside parliament to contest the change.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n‘No changes’ will be made for driversBut Uber remains bullish and maintains that the transition is a necessary alignment with the rest of the UK market.The market leading company confirmed today that it is not seeing any disruption to services and that the update simply moves its regional operations to an ‘agent’ business model.This is the standard practice for almost all private hire operators outside of London.\n\nBy repositioning itself as a booking agent rather than a principal transport provider, Uber ensures that VAT only applies to its own service fee rather than the full fare.And as most drivers earn below the £90,000 VAT registration threshold, this move keeps prices competitive for passengers, by avoiding a 20 per cent price hike.Uber insists that the change is a direct response to government policy aimed at keeping essential everyday transport affordable.Addressing concerns over take-home pay, Uber clarified that the new terms do not change the portion of the fare the platform 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