Uber paid £386M, or $490M, to UK tax authorities as part of a dispute over how its ride hailing app applies VAT to UK trips, but plans to appeal the decision (Charlotte Hughes-Morgan/Bloomberg)

Charlotte Hughes-Morgan / Bloomberg:
Uber paid £386M, or $490M, to UK tax authorities as part of a dispute over how its ride hailing app applies VAT to UK trips, but plans to appeal the decision  —  – HMRC is challenging Uber’s use of Tour Operators Margin Scheme  — Uber said it will appeal the VAT assessment in UK Court