Uber settles VAT claim with HMRC and posts better than expected results

A series of court rulings deemed that Uber’s drivers were workers and not self-employed. Photograph: Robyn Beck/AFP/Getty Images

Uber is handing £615m to UK tax authorities to settle an investigation into unpaid VAT, as it reported better than expected results, sending its shares higher.

The San Francisco-based ride hire and food delivery company said it achieved a UK tax settlement on Monday to resolve all outstanding VAT claims and would pay £615m to HM Revenue and Customs during the fourth quarter.