Government shuts VAT loophole that used by some taxi firms to lower their tax bill

People who use private taxi operators such as Uber might see the cost of a ride rise after the government closed a rather complicated tax loophole, which could lead Uber and other companies to pay a higher tax rate on their fares.The situation applies to the Tour Operators Margin Scheme (TOMS), a mechanism originally designed for traditional travel companies bundling services such as hotels and transport into a single sales package.
Currently, VAT is not charged on the full selling price, as is