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  "path": "/hmrc-fights-to-close-bolts-vat-loophole/",
  "publishedAt": "2026-05-19T10:34:14.000Z",
  "site": "https://www.cityam.com",
  "tags": [
    "Business",
    "Legal",
    "Tax",
    "Tech",
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  "textContent": "Ride-hailing platform Bolt faces the tax authorities in court today over how it calculates and pays its VAT bill. At the centre of this dispute was the question of whether Bolt could use the tour operators’ margin scheme (TOMS). Under this scheme, businesses only pay VAT on the profit margin they make between buying a [...]",
  "title": "HMRC fights to close Bolt’s VAT loophole"
}