Ride-sharing firm Bolt has slammed potential plans for a new "taxi tax" as "incredibly harmful" to the industry. The European app, a rival to Uber, voiced its concerns while trialling a new feature enabling drivers to set prices and negotiate with passengers.
Bolt contends that such tax changes would disproportionately affect shift-based workers and vulnerable individuals dependent on taxi services. The Chancellor is reportedly considering a 20 per cent VAT on all private hire fares, aiming to raise funds for her autumn Budget, expected this Wednesday.
