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The political betting angle to whatever the hell happened in Venezuela – politicalbetting.com

SystemSystem Posts: 12,872
edited January 3 in General
The political betting angle to whatever the hell happened in Venezuela – politicalbetting.com

A newly created Polymarket account invested over $30,000 yesterday in Maduro's exit. The US then took Maduro into custody overnight, and the trader profited $400,000 in less than 24 hours. Insider trading is not only allowed on prediction markets; it's encouraged. https://t.co/EtZyW1IWTa pic.twitter.com/MzsU9kOU73

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Comments

  • TimGeoTimGeo Posts: 34
    First amigos
  • FrancisUrquhartFrancisUrquhart Posts: 89,309
    Three TUI flights with destination Bridgetown have made U-turns over the Atlantic and returned to the UK. The reason is currently unknown.

    https://x.com/flightradar24/status/2007498092946522531?s=20

    Should have gone on a Jet2 holiday.
  • kle4kle4 Posts: 100,191
    Nice to have the inside scoop.
  • FairlieredFairliered Posts: 7,260
    edited January 3
    Trump understands betting markets. Just saying. And first. Edit: no I’m not!
  • Scott_xPScott_xP Posts: 41,440

    Trump understands betting markets. Just saying. And first. Edit: no I’m not!

    First like Cuba, perhaps?
  • PJHPJH Posts: 1,007
    I've been out for a few hours. I despair. WTF is going on?
  • Scott_xPScott_xP Posts: 41,440
    Batshit crazy

    @SkyNews

    Former US national security adviser John Bolton praises "entirely justified" US operation to capture Venezuelan leader Nicolas Maduro.

    But he called Trump's plan to govern Venezuela "stuff of fantasy".
  • kle4kle4 Posts: 100,191
    PJH said:

    I've been out for a few hours. I despair. WTF is going on?

    2026 is shaping up to be a very stable, uninteresting year, that's all.
  • williamglennwilliamglenn Posts: 56,982
    Maybe time to bet on Rubio as the next President/Republican nominee.
  • stodgestodge Posts: 15,830
    The thing I don't understand is why the "anti-Left" brigade are chastising Europe for "weakness".

    The last I looked, Venezuela is quite a way from Europe and I don't quite see how European "interests" are affected one way or the other. After all, Washington has run the Monroe Doctrine for decades withour Europe being too bothered.

    The strange thing is, you'd have thought Cuba was the more obvious target but they don't have any oil so call me cynical but...
  • kle4kle4 Posts: 100,191
    I've got it - Trump will ask Musk to take over interim administration of Venezuela, and he can turn it into the world's first tech bro crypto utopia.
  • FairlieredFairliered Posts: 7,260

    Three TUI flights with destination Bridgetown have made U-turns over the Atlantic and returned to the UK. The reason is currently unknown.

    https://x.com/flightradar24/status/2007498092946522531?s=20

    Should have gone on a Jet2 holiday.

    Possibly having second thoughts about Caribbean cruises ATM.
  • eekeek Posts: 32,234
    edited January 3

    Three TUI flights with destination Bridgetown have made U-turns over the Atlantic and returned to the UK. The reason is currently unknown.

    https://x.com/flightradar24/status/2007498092946522531?s=20

    Should have gone on a Jet2 holiday.

    Those flights will be 90% full for a P&O cruise given that it's Barbados and most American companies will use Miami / Orlando as they start / end points.

    And a quick check on CruiseMapper tells me that P&Os Arvia is running a day late...
  • TheScreamingEaglesTheScreamingEagles Posts: 125,500

    I am increasingly of the view that we must channel Charles de Gaulle and make sure that our nuclear deterrent is completely independent of the United States. Otherwise our independence is completely at the whim of the US.

    I think we're at the Churchill stage and need France and the UK to become one state.
  • TazTaz Posts: 23,724
    Sadly I cannot post this pic as I’ve posted 1 today already. Top trolling this.

    https://x.com/tomhfh/status/2007496227068489950?s=61
  • FairlieredFairliered Posts: 7,260
    eek said:

    Three TUI flights with destination Bridgetown have made U-turns over the Atlantic and returned to the UK. The reason is currently unknown.

    https://x.com/flightradar24/status/2007498092946522531?s=20

    Should have gone on a Jet2 holiday.

    Those flights will be 90% full for a P&O cruise given that it's Barbados and most American companies will use Miami / Orlando as they start / end points.

    And a quick check on CruiseMapper tells me that P&Os Arvia is running a day late...
    A Marella cruise is due to leave Barbados tomorrow.
  • spudgfshspudgfsh Posts: 1,598

    I am increasingly of the view that we must channel Charles de Gaulle and make sure that our nuclear deterrent is completely independent of the United States. Otherwise our independence is completely at the whim of the US.

    I think we're at the Churchill stage and need France and the UK to become one state.
    it's one way back into the EU
  • DavidLDavidL Posts: 57,253

    Three TUI flights with destination Bridgetown have made U-turns over the Atlantic and returned to the UK. The reason is currently unknown.

    https://x.com/flightradar24/status/2007498092946522531?s=20

    Should have gone on a Jet2 holiday.

    The US has closed airspace in the Caribbean, possibly in case they have to send a second wave. I suspect that may be the cause.
  • TheScreamingEaglesTheScreamingEagles Posts: 125,500
    This shows why Scotland shouldn't be independent, look at the state of this kid.

    https://x.com/FootyHumour/status/2007483919030202822
  • kle4kle4 Posts: 100,191

    I am increasingly of the view that we must channel Charles de Gaulle and make sure that our nuclear deterrent is completely independent of the United States. Otherwise our independence is completely at the whim of the US.

    I think we're at the Churchill stage and need France and the UK to become one state.
    If they are content to have Charles being King of France then they can keep most of the rest if they like. Would need to amend their constitution to make the PM there more powerful though.
  • MalmesburyMalmesbury Posts: 59,756
    "When Mike Smithson first asked me to start editing political betting he made it very clear that I would be privy to embargoed polling and I shouldn’t bet based on those polls until they were public., I was more than happy to comply due to my sense of ethics."

    But do you know where Essex is?
  • TheScreamingEaglesTheScreamingEagles Posts: 125,500
    kle4 said:

    I am increasingly of the view that we must channel Charles de Gaulle and make sure that our nuclear deterrent is completely independent of the United States. Otherwise our independence is completely at the whim of the US.

    I think we're at the Churchill stage and need France and the UK to become one state.
    If they are content to have Charles being King of France then they can keep most of the rest if they like. Would need to amend their constitution to make the PM there more powerful though.
    We should adopt their voting system for President.

    Allows proper tactical voting and more importantly, even more betting opportunities.
  • FairlieredFairliered Posts: 7,260

    This shows why Scotland shouldn't be independent, look at the state of this kid.

    https://x.com/FootyHumour/status/2007483919030202822

    That’s not a Scottish football match. It’s Britain v Ireland. True Scottish football supporters are desperately hoping Brazil withdraw from the 2026 World Cup in sympathy with Venezuela.
  • TheScreamingEaglesTheScreamingEagles Posts: 125,500

    "When Mike Smithson first asked me to start editing political betting he made it very clear that I would be privy to embargoed polling and I shouldn’t bet based on those polls until they were public., I was more than happy to comply due to my sense of ethics."

    But do you know where Essex is?

    Yes, in Eastern England.
  • TazTaz Posts: 23,724
    Global Statesman, John Swinney, offers his thoughts

    One of the better statements from political leaders in the U.K.

    https://x.com/scotgovfm/status/2007492902910329186?s=61
  • spudgfshspudgfsh Posts: 1,598

    I am increasingly of the view that we must channel Charles de Gaulle and make sure that our nuclear deterrent is completely independent of the United States. Otherwise our independence is completely at the whim of the US.

    I hate to burst your bubble, it is now. if the US pulled out we'd struggle to build the next classes of subs.
  • TazTaz Posts: 23,724
    DavidL said:

    Three TUI flights with destination Bridgetown have made U-turns over the Atlantic and returned to the UK. The reason is currently unknown.

    https://x.com/flightradar24/status/2007498092946522531?s=20

    Should have gone on a Jet2 holiday.

    The US has closed airspace in the Caribbean, possibly in case they have to send a second wave. I suspect that may be the cause.
    That’s going to do the Caribbean nations no favours at all if it jeopardises their tourism industry.
  • FairlieredFairliered Posts: 7,260

    "When Mike Smithson first asked me to start editing political betting he made it very clear that I would be privy to embargoed polling and I shouldn’t bet based on those polls until they were public., I was more than happy to comply due to my sense of ethics."

    But do you know where Essex is?

    Yes, in Eastern England.
    South of Yorkshire, therefore irrelevant.
  • GallowgateGallowgate Posts: 21,225
    spudgfsh said:

    I am increasingly of the view that we must channel Charles de Gaulle and make sure that our nuclear deterrent is completely independent of the United States. Otherwise our independence is completely at the whim of the US.

    I hate to burst your bubble, it is now. if the US pulled out we'd struggle to build the next classes of subs.
    I know it is. That’s the problem.
  • NigelbNigelb Posts: 85,009
    Trump:
    "I can run Venezuela in my sleep".

    https://x.com/krassenstein/status/2007501586613027268
  • kle4kle4 Posts: 100,191

    Maybe time to bet on Rubio as the next President/Republican nominee.

    He's come a long way since implying Trump had a small penis at a rally when seeking the GOP nomination. Kind of remarkable Trump has forgiven him for that, but he clearly has.
  • kle4kle4 Posts: 100,191
    Taz said:

    Global Statesman, John Swinney, offers his thoughts

    One of the better statements from political leaders in the U.K.

    https://x.com/scotgovfm/status/2007492902910329186?s=61

    Less waffly than Badenochs.
  • FairlieredFairliered Posts: 7,260
    Nigelb said:

    Trump:
    "I can run Venezuela in my sleep".

    https://x.com/krassenstein/status/2007501586613027268

    He’s obviously been practicing.
  • DavidLDavidL Posts: 57,253
    Taz said:

    DavidL said:

    Three TUI flights with destination Bridgetown have made U-turns over the Atlantic and returned to the UK. The reason is currently unknown.

    https://x.com/flightradar24/status/2007498092946522531?s=20

    Should have gone on a Jet2 holiday.

    The US has closed airspace in the Caribbean, possibly in case they have to send a second wave. I suspect that may be the cause.
    That’s going to do the Caribbean nations no favours at all if it jeopardises their tourism industry.
    I'm sure Trump will be as concerned about that as he is about international law. We really need to disassociate ourselves from this loon.
  • FrancisUrquhartFrancisUrquhart Posts: 89,309
    Zack Polanski has had this weetabix this morning. Most of criticism of Starmer is unfair, but I am doubt his target audience.
  • algarkirkalgarkirk Posts: 16,190
    Taz said:

    Global Statesman, John Swinney, offers his thoughts

    One of the better statements from political leaders in the U.K.

    https://x.com/scotgovfm/status/2007492902910329186?s=61

    Standard stuff, and reflecting the standard view of many of us, including me, over many years. But it does raise the question of how brilliantly the 'international rules based system' (Swinney) has worked so far.

  • TazTaz Posts: 23,724

    Zack Polanski has had this weetabix this morning. Most of criticism of Starmer is unfair, but I am doubt his target audience.

    True, the YourParty Corbynite Gaza mob will lap it up but will his attacks shore up support in the leafy rural shires especially where he will be competing with the Lib Dem’s who have taken a similar approach on this.

    I’ll give Polanski his due. He is very good at appealing to his target voter and when challenged is combative and comes out fighting.
  • MalmesburyMalmesbury Posts: 59,756

    "When Mike Smithson first asked me to start editing political betting he made it very clear that I would be privy to embargoed polling and I shouldn’t bet based on those polls until they were public., I was more than happy to comply due to my sense of ethics."

    But do you know where Essex is?

    Yes, in Eastern England.
    South of Yorkshire, therefore irrelevant.
    Ethics is irrelevant?
  • williamglennwilliamglenn Posts: 56,982
    https://x.com/JMichaelWaller/status/2007488536111395064

    By acting in Venezuela and aiding the Iranian opposition, @realDonaldTrump might have prevented an imminent 🇨🇳 invasion of 🇹🇼.

    Beijing needs oil that is not subject to US pressure. That means Russia, Venezuela & Iran. 🇨🇳 has been buying 60-90% of Venezuelan and 85-90% of Iranian crude. That's 30-35% of 🇨🇳's present oil importation.

    Another ~35% of 🇨🇳's oil comes from Arab suppliers subject to US guidance or pressure.

    With new governments in Venezuela and Iran, the US will be able to regulate up to 70% of the CCP's present-day oil needs.

    CCP war planners cannot execute against Taiwan under those conditions. This takes pressure off the US in the Indo-Pacific for a while, to the net benefit of American NATO commitments in Europe.
  • NigelbNigelb Posts: 85,009
    Q: Is it possible that the US ends up administering Venezuela for years?

    TRUMP: Well, you know, it won't cost us anything because the money coming out of the ground is very substantial

    https://x.com/atrupar/status/2007506063210262710

    I wonder what is the cost/benefit* analysis on this ?

    *Cost to the US/benefit to the Trump crime family
  • MalmesburyMalmesbury Posts: 59,756

    Nigelb said:

    Trump:
    "I can run Venezuela in my sleep".

    https://x.com/krassenstein/status/2007501586613027268

    He’s obviously been practicing.
    I thought he regularly accused Biden of being asleep at the switch?

    Or is he so addled now that he can’t distinguish between himself and Biden?
  • TazTaz Posts: 23,724
    DavidL said:

    Taz said:

    DavidL said:

    Three TUI flights with destination Bridgetown have made U-turns over the Atlantic and returned to the UK. The reason is currently unknown.

    https://x.com/flightradar24/status/2007498092946522531?s=20

    Should have gone on a Jet2 holiday.

    The US has closed airspace in the Caribbean, possibly in case they have to send a second wave. I suspect that may be the cause.
    That’s going to do the Caribbean nations no favours at all if it jeopardises their tourism industry.
    I'm sure Trump will be as concerned about that as he is about international law. We really need to disassociate ourselves from this loon.
    Whereas past Presidents like Dubya and Obama have pretended to care about international law and used the UN to legitimise their ventures Trump just doesn’t bother.

    It’s also domestic law he seems not to give a shit about. None of this went through the US legislature.
  • rottenboroughrottenborough Posts: 69,395
    These tweets are incredible.

    The wild west is back.
  • OmniumOmnium Posts: 12,371

    "When Mike Smithson first asked me to start editing political betting he made it very clear that I would be privy to embargoed polling and I shouldn’t bet based on those polls until they were public., I was more than happy to comply due to my sense of ethics."

    But do you know where Essex is?

    How would you avoid it otherwise?
  • Luckyguy1983Luckyguy1983 Posts: 33,670

    I am increasingly of the view that we must channel Charles de Gaulle and make sure that our nuclear deterrent is completely independent of the United States. Otherwise our independence is completely at the whim of the US.

    Modesty prevents me from mentioning that I have been saying this since, well, forever.
  • rottenboroughrottenborough Posts: 69,395
    Nigelb said:

    Q: Is it possible that the US ends up administering Venezuela for years?

    TRUMP: Well, you know, it won't cost us anything because the money coming out of the ground is very substantial

    https://x.com/atrupar/status/2007506063210262710

    I wonder what is the cost/benefit* analysis on this ?

    *Cost to the US/benefit to the Trump crime family

    He's obsessed with oil. WTI is only ≈ $57.

    The world is awash with the stuff while it actually moves at pace to solar and batteries.


    Rage, rage against the dying of the light.


  • GallowgateGallowgate Posts: 21,225

    I am increasingly of the view that we must channel Charles de Gaulle and make sure that our nuclear deterrent is completely independent of the United States. Otherwise our independence is completely at the whim of the US.

    Modesty prevents me from mentioning that I have been saying this since, well, forever.
    I acknowledge that
  • ydoethurydoethur Posts: 76,907
    FPT
    kle4 said:

    isam said:

    Biden in June 2020

    Trump talks tough on Venezuela, but admires thugs and dictators like Nicolas Maduro.

    As President, I will stand with the Venezuelan people and for democracy.


    https://x.com/joebiden/status/1274910217508196352?s=46&t=CW4pL-mMpTqsJXCdjW0Z6Q

    I don't recall Trump ever praising Maduro in fairness. Xi, Putin, and Kim, yes (whether one thinks that is diplomatic puffery or not), but I don't recall Maduro.
    The context of that Twitter spat with Biden is that Trump had criticised Guiado, the then Opposition leader, and said he was open to talks with Maduro.

    As far as I know that's as close as he's ever got to praising Maduro, and it isn't exactly close. It was enough to severely damage his standing with Republicans though.
  • rottenboroughrottenborough Posts: 69,395
    edited January 3

    Maybe time to bet on Rubio as the next President/Republican nominee.

    Only if all this doesn't go tits up in a few months time.

    Edit: added:



    Andrew Neil
    @afneil
    The Abduction of Maduro and his wife was brilliantly executed by the US military. It should have paved the way to handing over the country to the Opposition who won the election in 2024 but Maduro nullified.
    But no. Trump says he and his sidekicks will run Venezuela for the foreseeable future.
    How that will happen when the US is nowhere in Venezuela at the moment is a mystery. He hasn’t even talked to legitimate and popular opposition leaders.
    A brilliant military extraction is being turned into a future fraught with danger, with potential disaster written all over it.
  • NigelbNigelb Posts: 85,009

    Nigelb said:

    Q: Is it possible that the US ends up administering Venezuela for years?

    TRUMP: Well, you know, it won't cost us anything because the money coming out of the ground is very substantial

    https://x.com/atrupar/status/2007506063210262710

    I wonder what is the cost/benefit* analysis on this ?

    *Cost to the US/benefit to the Trump crime family

    He's obsessed with oil. WTI is only ≈ $57.

    The world is awash with the stuff while it actually moves at pace to solar and batteries.

    Rage, rage against the dying of the light.

    It's still substantial cash flow.
    If Trump can cream off a percentage, it matters not if it costs the US a few billion.
  • williamglennwilliamglenn Posts: 56,982
    edited January 3

    Maybe time to bet on Rubio as the next President/Republican nominee.

    Only if all this doesn't go tits up in a few months time.

    Edit: added:



    Andrew Neil
    @afneil
    The Abduction of Maduro and his wife was brilliantly executed by the US military. It should have paved the way to handing over the country to the Opposition who won the election in 2024 but Maduro nullified.
    But no. Trump says he and his sidekicks will run Venezuela for the foreseeable future.
    How that will happen when the US is nowhere in Venezuela at the moment is a mystery. He hasn’t even talked to legitimate and popular opposition leaders.
    A brilliant military extraction is being turned into a future fraught with danger, with potential disaster written all over it.
    Handing the country over to the opposition would be the surest way to ensure it goes tits up because of the temptation for retribution against members of the former regime. It's much safer to work with figures from the existing government. Haven't we learnt the lesson that forced 'democratisation' doesn't work?
  • NigelbNigelb Posts: 85,009
    Some remarkably determined sanewashing from william this evening.
  • ydoethurydoethur Posts: 76,907
    On topic, do we know who the cheating swindling bastard lucky person was?
  • SandyRentoolSandyRentool Posts: 24,126
    So Maduro's VP is the new Pres.

    Seems very convenient.

    A Swiss bank account perhaps involved somewhere?
  • TheScreamingEaglesTheScreamingEagles Posts: 125,500
    Who could have predicted this? Oh wait.

    Annoying that my Uber Lux will be 20% more expensive in London.

    Uber rewrites contracts with drivers to avoid paying UK’s new ‘taxi tax’

    Hailing app will now act as agent rather than supplier outside London, avoiding VAT requirement


    Uber has swerved paying millions of pounds to the UK exchequer under Rachel Reeves’s new “taxi tax” after the ride-hailing app rewrote contracts with its drivers.

    The move came as rules announced in November’s budget took effect, which adjusted how VAT is payable on minicab fares and would have resulted in the whole Uber fare becoming subject to the 20% sales tax.

    In November, Reeves told the Commons the changes would end up “protecting around £700m of tax revenue each year”.

    However, updated terms issued to Uber drivers from January 2026 mean the technology firm will act as an agent, rather than as the supplier, of transport services outside London. The move means drivers make a contract directly with their passengers – so they must charge any VAT due on the fare, while Uber only adds VAT to its commission.

    As most drivers are not thought to be making more than £90,000 in bookings a year, and therefore do not have to charge VAT, the majority of Uber fares outside London will avoid becoming more expensive, since the 20% sales tax will not apply.

    The new contracts do not relate to London, where the agency model is not allowed under Transport for London rules. As a result, Uber passengers in the capital will pay VAT on their fares.

    Uber’s change to the terms with its drivers has been expected since the budget announcement.


    https://www.theguardian.com/technology/2026/jan/02/uber-avoids-new-uk-taxi-tax-rewriting-driver-contracts
  • MalmesburyMalmesbury Posts: 59,756

    Nigelb said:

    Q: Is it possible that the US ends up administering Venezuela for years?

    TRUMP: Well, you know, it won't cost us anything because the money coming out of the ground is very substantial

    https://x.com/atrupar/status/2007506063210262710

    I wonder what is the cost/benefit* analysis on this ?

    *Cost to the US/benefit to the Trump crime family

    He's obsessed with oil. WTI is only ≈ $57.

    The world is awash with the stuff while it actually moves at pace to solar and batteries.


    Rage, rage against the dying of the light.


    He is fixated on “cheap oil = popularity”
  • carnforthcarnforth Posts: 8,158

    Who could have predicted this? Oh wait.

    Annoying that my Uber Lux will be 20% more expensive in London.

    Uber rewrites contracts with drivers to avoid paying UK’s new ‘taxi tax’

    Hailing app will now act as agent rather than supplier outside London, avoiding VAT requirement


    Uber has swerved paying millions of pounds to the UK exchequer under Rachel Reeves’s new “taxi tax” after the ride-hailing app rewrote contracts with its drivers.

    The move came as rules announced in November’s budget took effect, which adjusted how VAT is payable on minicab fares and would have resulted in the whole Uber fare becoming subject to the 20% sales tax.

    In November, Reeves told the Commons the changes would end up “protecting around £700m of tax revenue each year”.

    However, updated terms issued to Uber drivers from January 2026 mean the technology firm will act as an agent, rather than as the supplier, of transport services outside London. The move means drivers make a contract directly with their passengers – so they must charge any VAT due on the fare, while Uber only adds VAT to its commission.

    As most drivers are not thought to be making more than £90,000 in bookings a year, and therefore do not have to charge VAT, the majority of Uber fares outside London will avoid becoming more expensive, since the 20% sales tax will not apply.

    The new contracts do not relate to London, where the agency model is not allowed under Transport for London rules. As a result, Uber passengers in the capital will pay VAT on their fares.

    Uber’s change to the terms with its drivers has been expected since the budget announcement.


    https://www.theguardian.com/technology/2026/jan/02/uber-avoids-new-uk-taxi-tax-rewriting-driver-contracts

    A rare cause where I agree with Jolyolyolyon:

    https://www.theguardian.com/technology/2017/feb/21/tax-barrister-uber-uk-high-court-alleged-20m-vat-black-hole
  • eekeek Posts: 32,234

    Who could have predicted this? Oh wait.

    Annoying that my Uber Lux will be 20% more expensive in London.

    Uber rewrites contracts with drivers to avoid paying UK’s new ‘taxi tax’

    Hailing app will now act as agent rather than supplier outside London, avoiding VAT requirement


    Uber has swerved paying millions of pounds to the UK exchequer under Rachel Reeves’s new “taxi tax” after the ride-hailing app rewrote contracts with its drivers.

    The move came as rules announced in November’s budget took effect, which adjusted how VAT is payable on minicab fares and would have resulted in the whole Uber fare becoming subject to the 20% sales tax.

    In November, Reeves told the Commons the changes would end up “protecting around £700m of tax revenue each year”.

    However, updated terms issued to Uber drivers from January 2026 mean the technology firm will act as an agent, rather than as the supplier, of transport services outside London. The move means drivers make a contract directly with their passengers – so they must charge any VAT due on the fare, while Uber only adds VAT to its commission.

    As most drivers are not thought to be making more than £90,000 in bookings a year, and therefore do not have to charge VAT, the majority of Uber fares outside London will avoid becoming more expensive, since the 20% sales tax will not apply.

    The new contracts do not relate to London, where the agency model is not allowed under Transport for London rules. As a result, Uber passengers in the capital will pay VAT on their fares.

    Uber’s change to the terms with its drivers has been expected since the budget announcement.


    https://www.theguardian.com/technology/2026/jan/02/uber-avoids-new-uk-taxi-tax-rewriting-driver-contracts

    As I've argued in the past - we need to reduce the VAT threshold to a far lower figure than £90,000.
  • Casino_RoyaleCasino_Royale Posts: 65,032

    I am increasingly of the view that we must channel Charles de Gaulle and make sure that our nuclear deterrent is completely independent of the United States. Otherwise our independence is completely at the whim of the US.

    Charles de Gaulle doesn't work.

    It sits in port most of the time.
  • kle4kle4 Posts: 100,191

    So Maduro's VP is the new Pres.

    Seems very convenient.

    A Swiss bank account perhaps involved somewhere?

    Capturing not killing the incumbent adds some complexity to how even loyalists may react I suppose. Leave him in office and just have an acting President, knowing you're never getting him out of US custody, or have someone take up the actual office, thus implicitly accepting the US action.
  • TheScreamingEaglesTheScreamingEagles Posts: 125,500

    So Maduro's VP is the new Pres.

    Seems very convenient.

    A Swiss bank account perhaps involved somewhere?

    You absolute peasant.

    You need a Middle Eastern/Gulf bank account for this sort of stuff.

    Coincidentally I might be working for a Gulf bank soon.
  • ydoethurydoethur Posts: 76,907
    edited January 3
    eek said:

    Who could have predicted this? Oh wait.

    Annoying that my Uber Lux will be 20% more expensive in London.

    Uber rewrites contracts with drivers to avoid paying UK’s new ‘taxi tax’

    Hailing app will now act as agent rather than supplier outside London, avoiding VAT requirement


    Uber has swerved paying millions of pounds to the UK exchequer under Rachel Reeves’s new “taxi tax” after the ride-hailing app rewrote contracts with its drivers.

    The move came as rules announced in November’s budget took effect, which adjusted how VAT is payable on minicab fares and would have resulted in the whole Uber fare becoming subject to the 20% sales tax.

    In November, Reeves told the Commons the changes would end up “protecting around £700m of tax revenue each year”.

    However, updated terms issued to Uber drivers from January 2026 mean the technology firm will act as an agent, rather than as the supplier, of transport services outside London. The move means drivers make a contract directly with their passengers – so they must charge any VAT due on the fare, while Uber only adds VAT to its commission.

    As most drivers are not thought to be making more than £90,000 in bookings a year, and therefore do not have to charge VAT, the majority of Uber fares outside London will avoid becoming more expensive, since the 20% sales tax will not apply.

    The new contracts do not relate to London, where the agency model is not allowed under Transport for London rules. As a result, Uber passengers in the capital will pay VAT on their fares.

    Uber’s change to the terms with its drivers has been expected since the budget announcement.


    https://www.theguardian.com/technology/2026/jan/02/uber-avoids-new-uk-taxi-tax-rewriting-driver-contracts

    As I've argued in the past - we need to reduce the VAT threshold to a far lower figure than £90,000.
    If I read the figures aright, 75% of all VAT income comes from firms with a turnover of £10 million or more.

    Which is hardly surprising, of course, but doesn't suggest reducing the threshold would increase the take, but it would be quite expensive for small businesses (yes, like mine).

    If anything there might be a case for raising the threshold to £1 million not chargeable in the first five years of trading to encourage SME and entrepreneurship.
  • TazTaz Posts: 23,724
    kle4 said:

    So Maduro's VP is the new Pres.

    Seems very convenient.

    A Swiss bank account perhaps involved somewhere?

    Capturing not killing the incumbent adds some complexity to how even loyalists may react I suppose. Leave him in office and just have an acting President, knowing you're never getting him out of US custody, or have someone take up the actual office, thus implicitly accepting the US action.
    She was reported to be in Russia !!

    I wonder if the help on the ground came from ‘sources close to her’
  • MalmesburyMalmesbury Posts: 59,756
    eek said:

    Who could have predicted this? Oh wait.

    Annoying that my Uber Lux will be 20% more expensive in London.

    Uber rewrites contracts with drivers to avoid paying UK’s new ‘taxi tax’

    Hailing app will now act as agent rather than supplier outside London, avoiding VAT requirement


    Uber has swerved paying millions of pounds to the UK exchequer under Rachel Reeves’s new “taxi tax” after the ride-hailing app rewrote contracts with its drivers.

    The move came as rules announced in November’s budget took effect, which adjusted how VAT is payable on minicab fares and would have resulted in the whole Uber fare becoming subject to the 20% sales tax.

    In November, Reeves told the Commons the changes would end up “protecting around £700m of tax revenue each year”.

    However, updated terms issued to Uber drivers from January 2026 mean the technology firm will act as an agent, rather than as the supplier, of transport services outside London. The move means drivers make a contract directly with their passengers – so they must charge any VAT due on the fare, while Uber only adds VAT to its commission.

    As most drivers are not thought to be making more than £90,000 in bookings a year, and therefore do not have to charge VAT, the majority of Uber fares outside London will avoid becoming more expensive, since the 20% sales tax will not apply.

    The new contracts do not relate to London, where the agency model is not allowed under Transport for London rules. As a result, Uber passengers in the capital will pay VAT on their fares.

    Uber’s change to the terms with its drivers has been expected since the budget announcement.


    https://www.theguardian.com/technology/2026/jan/02/uber-avoids-new-uk-taxi-tax-rewriting-driver-contracts

    As I've argued in the past - we need to reduce the VAT threshold to a far lower figure than £90,000.
    Or “pierce the veil” of the gig economy. Uber is an employer. Like Deliveroo and others, it uses this system of layering to support illegal employment practises, without legal liability.

    Note that they can’t do this in London, because TfL, as a regulator, blocks the more egregious stuff.
  • LostPasswordLostPassword Posts: 21,722
    edited January 3

    Maybe time to bet on Rubio as the next President/Republican nominee.

    Only if all this doesn't go tits up in a few months time.

    Edit: added:

    Andrew Neil
    @afneil
    The Abduction of Maduro and his wife was brilliantly executed by the US military. It should have paved the way to handing over the country to the Opposition who won the election in 2024 but Maduro nullified.
    But no. Trump says he and his sidekicks will run Venezuela for the foreseeable future.
    How that will happen when the US is nowhere in Venezuela at the moment is a mystery. He hasn’t even talked to legitimate and popular opposition leaders.
    A brilliant military extraction is being turned into a future fraught with danger, with potential disaster written all over it.
    I don't know how seriously we should take the statements about Trump running Venezuela. Supposedly his Gaza peace plan was going to involve him heading up a Board of Peace that would run Gaza and that is going precisely nowhere.

    Trump says a lot of stuff that sounds good to him in the moment and it's anyone's guess as to what is consequential or not. I would therefore suggest that it would be a big waste of time for most European leaders to engage with this. Most of the time it would be a wild goose chase after Trump's latest flight of fancy.

    Concentrate on the task at hand. Win the war against Russia (and sort out the economy and other issues).
  • carnforthcarnforth Posts: 8,158
    ydoethur said:

    eek said:

    Who could have predicted this? Oh wait.

    Annoying that my Uber Lux will be 20% more expensive in London.

    Uber rewrites contracts with drivers to avoid paying UK’s new ‘taxi tax’

    Hailing app will now act as agent rather than supplier outside London, avoiding VAT requirement


    Uber has swerved paying millions of pounds to the UK exchequer under Rachel Reeves’s new “taxi tax” after the ride-hailing app rewrote contracts with its drivers.

    The move came as rules announced in November’s budget took effect, which adjusted how VAT is payable on minicab fares and would have resulted in the whole Uber fare becoming subject to the 20% sales tax.

    In November, Reeves told the Commons the changes would end up “protecting around £700m of tax revenue each year”.

    However, updated terms issued to Uber drivers from January 2026 mean the technology firm will act as an agent, rather than as the supplier, of transport services outside London. The move means drivers make a contract directly with their passengers – so they must charge any VAT due on the fare, while Uber only adds VAT to its commission.

    As most drivers are not thought to be making more than £90,000 in bookings a year, and therefore do not have to charge VAT, the majority of Uber fares outside London will avoid becoming more expensive, since the 20% sales tax will not apply.

    The new contracts do not relate to London, where the agency model is not allowed under Transport for London rules. As a result, Uber passengers in the capital will pay VAT on their fares.

    Uber’s change to the terms with its drivers has been expected since the budget announcement.


    https://www.theguardian.com/technology/2026/jan/02/uber-avoids-new-uk-taxi-tax-rewriting-driver-contracts

    As I've argued in the past - we need to reduce the VAT threshold to a far lower figure than £90,000.
    If I read the figures aright, 75% of all VAT income comes from firms with a turnover of £10 million or more.

    Which is hardly surprising, of course, but doesn't suggest reducing the threshold would increase the take, but it would be quite expensive for small businesses (yes, like mine).

    If anything there might be a case for raising the threshold to £1 million not chargeable in the first five years of trading to encourage SME and entrepreneurship.
    I think that would encourage the repeated phoenixing of companies...
  • another_richardanother_richard Posts: 28,734

    Maybe time to bet on Rubio as the next President/Republican nominee.

    Only if all this doesn't go tits up in a few months time.

    Edit: added:



    Andrew Neil
    @afneil
    The Abduction of Maduro and his wife was brilliantly executed by the US military. It should have paved the way to handing over the country to the Opposition who won the election in 2024 but Maduro nullified.
    But no. Trump says he and his sidekicks will run Venezuela for the foreseeable future.
    How that will happen when the US is nowhere in Venezuela at the moment is a mystery. He hasn’t even talked to legitimate and popular opposition leaders.
    A brilliant military extraction is being turned into a future fraught with danger, with potential disaster written all over it.
    Handing the country over to the opposition would be the surest way to ensure it goes tits up because of the temptation for retribution against members of the former regime. It's much safer to work with figures from the existing government. Haven't we learnt the lesson that forced 'democratisation' doesn't work?
    Its possible that Trump has Machado on his hit list for being awarded the Nobel Peace Prize instead of himself.
  • FF43FF43 Posts: 18,853
    edited January 3
    kle4 said:

    Interesting take, though he also has been trolling Russian talking points as at the end.

    I think the people freaking out about the status of international law in the aftermath of this are missing something even bigger to be freaked out about - what if this works? Trump whacked Soleimani exactly 6 years ago today, and all the people screaming about it were wrong...

    If you’re wedded to the international law status quo (one which has overwhelmingly favoured autocrats in the last few decades), then you should probably be more worried that this doesn’t end up being a total disaster.

    Being an anti-interventionist is the easiest position to hold in geopolitics. You never have to come up with a solution to a dictator abolishing a country’s democracy, you simply exist only to critique taking action. All involvement is automatically worse than the dictatorship.

    It’s easy because your theory is never really tested, and examples where it is, like Syria, are messy enough for you to ignore. But Donald Trump is rolling the dice in a way that should make these people feel very uncomfortable, because nobody knows what the outcome will be.

    https://nitter.poast.org/OzKaterji/status/2007469818606166496#m


    Venezuela must now concede 20% of its territory, anything less than that risks World War III and the nuclear annihilation of the human race.

    Again, I don't make the rules, this is the world order you demanded.

    Let's unpick this a bit. There are two premises here, and also with Dubya,'s invasion of Iraq, which we know quite a lot about now. Trump incidentally was elected on a platform never to repeat the Iraq experiment.

    Premise 1: the purpose of the exercise is to achieve democracy or other worthy goal

    Premise 2: the exercise will work on its own terms, eg democracy achieved with minimal loss of life.

    Going back to 2004 I was somewhat bought into premise (1). Unusually I thought, and still think, Dubya was motivated to do the right thing by the Iraqis (amongst other motivations of course). Same for Blair.

    Premise (2) was the problematic one. I gave a small amount of thought, but more than the Administration apparently, into how likely scenarios could roll out. One scenario might work where the Americans go in, get rid of Saddam, anoint another strongman, and get the hell out. Dubya showed no interest in that more cautious scenario and all the remaining scenarios looked disastrous from the American and allied perspective. Predicting a cluster fuck was indeed the easiest position to hold - I wasn't claiming Mystic Meg levels of prediction.

    So now to 2026, I am a lot more dubious about premise (1) concerning Trump. Dubya, bless his socks, put a huge amount of effort into getting domestic and international backing for his intervention. Trump hasn't bothered with any of that. The slightest thing that goes wrong will be entirely on him. No-one agreed to this.

    As with Iraq I can work out a scenario that limits the risks for the invaders. Basically the Americans having taken Maduro prisoner get out of Venezuela and have nothing more to do with the country. Trump says he won't do that, but he's not honest so maybe he will. Otherwise the Americans will need to occupy the country somehow. No-one ever makes occupations pay. Who will the Americans work with? The Chavistas, the previous opposition, the military, the drug gangs? Different factions within each of these groups? And if you support one faction, you will automatically be opposed to other factions. None of these factions, including the ones you are ostensibly supporting, owe you a single cent. Recipe for a whole lot of pain that as we have just said Trump has got no buy -in for.
  • Casino_RoyaleCasino_Royale Posts: 65,032
    Are we willing to pay the price of being fully autonomous from the US?

    We're not even willing to increase defence spending just a little bit as it is.
  • TheScreamingEaglesTheScreamingEagles Posts: 125,500
    carnforth said:

    Who could have predicted this? Oh wait.

    Annoying that my Uber Lux will be 20% more expensive in London.

    Uber rewrites contracts with drivers to avoid paying UK’s new ‘taxi tax’

    Hailing app will now act as agent rather than supplier outside London, avoiding VAT requirement


    Uber has swerved paying millions of pounds to the UK exchequer under Rachel Reeves’s new “taxi tax” after the ride-hailing app rewrote contracts with its drivers.

    The move came as rules announced in November’s budget took effect, which adjusted how VAT is payable on minicab fares and would have resulted in the whole Uber fare becoming subject to the 20% sales tax.

    In November, Reeves told the Commons the changes would end up “protecting around £700m of tax revenue each year”.

    However, updated terms issued to Uber drivers from January 2026 mean the technology firm will act as an agent, rather than as the supplier, of transport services outside London. The move means drivers make a contract directly with their passengers – so they must charge any VAT due on the fare, while Uber only adds VAT to its commission.

    As most drivers are not thought to be making more than £90,000 in bookings a year, and therefore do not have to charge VAT, the majority of Uber fares outside London will avoid becoming more expensive, since the 20% sales tax will not apply.

    The new contracts do not relate to London, where the agency model is not allowed under Transport for London rules. As a result, Uber passengers in the capital will pay VAT on their fares.

    Uber’s change to the terms with its drivers has been expected since the budget announcement.


    https://www.theguardian.com/technology/2026/jan/02/uber-avoids-new-uk-taxi-tax-rewriting-driver-contracts

    A rare cause where I agree with Jolyolyolyon:

    https://www.theguardian.com/technology/2017/feb/21/tax-barrister-uber-uk-high-court-alleged-20m-vat-black-hole
    Sorry, you're going to get banned if you say you agree with Jolyon again.
  • rottenboroughrottenborough Posts: 69,395

    Maybe time to bet on Rubio as the next President/Republican nominee.

    Only if all this doesn't go tits up in a few months time.

    Edit: added:



    Andrew Neil
    @afneil
    The Abduction of Maduro and his wife was brilliantly executed by the US military. It should have paved the way to handing over the country to the Opposition who won the election in 2024 but Maduro nullified.
    But no. Trump says he and his sidekicks will run Venezuela for the foreseeable future.
    How that will happen when the US is nowhere in Venezuela at the moment is a mystery. He hasn’t even talked to legitimate and popular opposition leaders.
    A brilliant military extraction is being turned into a future fraught with danger, with potential disaster written all over it.
    I don't know how seriously we should take the statements about Trump running Venezuela. Supposedly his Gaza peace plan was going to involve him heading up a Board of Peace that would run Gaza and that is going precisely nowhere.

    Trump says a lot of stuff that sounds good to him in the moment and it's anyone's guess as to what is consequential or not. I would therefore suggest that it would be a big waste of time for most European leaders to engage with this. Most of the time it would be a wild goose chase after Trump's latest flight of fancy.

    Concentrate on the task at hand. Win the war against Russia (and sort out the economy and other issues).
    Possibly this helps the war against Putin as it will hammer the oil price if Exxon really are taking over which is all that is keeping him in office.



  • TheScreamingEaglesTheScreamingEagles Posts: 125,500
    DavidL said:

    Who could have predicted this? Oh wait.

    Annoying that my Uber Lux will be 20% more expensive in London.

    Uber rewrites contracts with drivers to avoid paying UK’s new ‘taxi tax’

    Hailing app will now act as agent rather than supplier outside London, avoiding VAT requirement


    Uber has swerved paying millions of pounds to the UK exchequer under Rachel Reeves’s new “taxi tax” after the ride-hailing app rewrote contracts with its drivers.

    The move came as rules announced in November’s budget took effect, which adjusted how VAT is payable on minicab fares and would have resulted in the whole Uber fare becoming subject to the 20% sales tax.

    In November, Reeves told the Commons the changes would end up “protecting around £700m of tax revenue each year”.

    However, updated terms issued to Uber drivers from January 2026 mean the technology firm will act as an agent, rather than as the supplier, of transport services outside London. The move means drivers make a contract directly with their passengers – so they must charge any VAT due on the fare, while Uber only adds VAT to its commission.

    As most drivers are not thought to be making more than £90,000 in bookings a year, and therefore do not have to charge VAT, the majority of Uber fares outside London will avoid becoming more expensive, since the 20% sales tax will not apply.

    The new contracts do not relate to London, where the agency model is not allowed under Transport for London rules. As a result, Uber passengers in the capital will pay VAT on their fares.

    Uber’s change to the terms with its drivers has been expected since the budget announcement.


    https://www.theguardian.com/technology/2026/jan/02/uber-avoids-new-uk-taxi-tax-rewriting-driver-contracts

    I did a similar case for a brothel in Edinburgh some years ago. HMRC sought to aggregate the earnings of the women with that of the establishment and claimed VAT on their payments. We argued, successfully, that they were independent contractors who paid for the use of the room, towels, condoms etc but that their earnings for their services did not form a part of the earnings of the establishment. Some of the women were seriously close to the VAT threshold themselves but HMRC didn't go after them.
    Who says the law is boring.
  • DavidLDavidL Posts: 57,253

    DavidL said:

    Who could have predicted this? Oh wait.

    Annoying that my Uber Lux will be 20% more expensive in London.

    Uber rewrites contracts with drivers to avoid paying UK’s new ‘taxi tax’

    Hailing app will now act as agent rather than supplier outside London, avoiding VAT requirement


    Uber has swerved paying millions of pounds to the UK exchequer under Rachel Reeves’s new “taxi tax” after the ride-hailing app rewrote contracts with its drivers.

    The move came as rules announced in November’s budget took effect, which adjusted how VAT is payable on minicab fares and would have resulted in the whole Uber fare becoming subject to the 20% sales tax.

    In November, Reeves told the Commons the changes would end up “protecting around £700m of tax revenue each year”.

    However, updated terms issued to Uber drivers from January 2026 mean the technology firm will act as an agent, rather than as the supplier, of transport services outside London. The move means drivers make a contract directly with their passengers – so they must charge any VAT due on the fare, while Uber only adds VAT to its commission.

    As most drivers are not thought to be making more than £90,000 in bookings a year, and therefore do not have to charge VAT, the majority of Uber fares outside London will avoid becoming more expensive, since the 20% sales tax will not apply.

    The new contracts do not relate to London, where the agency model is not allowed under Transport for London rules. As a result, Uber passengers in the capital will pay VAT on their fares.

    Uber’s change to the terms with its drivers has been expected since the budget announcement.


    https://www.theguardian.com/technology/2026/jan/02/uber-avoids-new-uk-taxi-tax-rewriting-driver-contracts

    I did a similar case for a brothel in Edinburgh some years ago. HMRC sought to aggregate the earnings of the women with that of the establishment and claimed VAT on their payments. We argued, successfully, that they were independent contractors who paid for the use of the room, towels, condoms etc but that their earnings for their services did not form a part of the earnings of the establishment. Some of the women were seriously close to the VAT threshold themselves but HMRC didn't go after them.
    Who says the law is boring.
    Me.
  • MalmesburyMalmesbury Posts: 59,756

    Maybe time to bet on Rubio as the next President/Republican nominee.

    Only if all this doesn't go tits up in a few months time.

    Edit: added:



    Andrew Neil
    @afneil
    The Abduction of Maduro and his wife was brilliantly executed by the US military. It should have paved the way to handing over the country to the Opposition who won the election in 2024 but Maduro nullified.
    But no. Trump says he and his sidekicks will run Venezuela for the foreseeable future.
    How that will happen when the US is nowhere in Venezuela at the moment is a mystery. He hasn’t even talked to legitimate and popular opposition leaders.
    A brilliant military extraction is being turned into a future fraught with danger, with potential disaster written all over it.
    I don't know how seriously we should take the statements about Trump running Venezuela. Supposedly his Gaza peace plan was going to involve him heading up a Board of Peace that would run Gaza and that is going precisely nowhere.

    Trump says a lot of stuff that sounds good to him in the moment and it's anyone's guess as to what is consequential or not. I would therefore suggest that it would be a big waste of time for most European leaders to engage with this. Most of the time it would be a wild goose chase after Trump's latest flight of fancy.

    Concentrate on the task at hand. Win the war against Russia (and sort out the economy and other issues).
    Possibly this helps the war against Putin as it will hammer the oil price if Exxon really are taking over which is all that is keeping him in office.



    The other interesting bit is that China was buying a big proportion of Venezuela's oil - 80% according to some reports.

    4-5% of China's oil needs.
  • GallowgateGallowgate Posts: 21,225

    Are we willing to pay the price of being fully autonomous from the US?

    We're not even willing to increase defence spending just a little bit as it is.

    I don’t think we are willing to pay the price, no
  • TazTaz Posts: 23,724
    DavidL said:

    Who could have predicted this? Oh wait.

    Annoying that my Uber Lux will be 20% more expensive in London.

    Uber rewrites contracts with drivers to avoid paying UK’s new ‘taxi tax’

    Hailing app will now act as agent rather than supplier outside London, avoiding VAT requirement


    Uber has swerved paying millions of pounds to the UK exchequer under Rachel Reeves’s new “taxi tax” after the ride-hailing app rewrote contracts with its drivers.

    The move came as rules announced in November’s budget took effect, which adjusted how VAT is payable on minicab fares and would have resulted in the whole Uber fare becoming subject to the 20% sales tax.

    In November, Reeves told the Commons the changes would end up “protecting around £700m of tax revenue each year”.

    However, updated terms issued to Uber drivers from January 2026 mean the technology firm will act as an agent, rather than as the supplier, of transport services outside London. The move means drivers make a contract directly with their passengers – so they must charge any VAT due on the fare, while Uber only adds VAT to its commission.

    As most drivers are not thought to be making more than £90,000 in bookings a year, and therefore do not have to charge VAT, the majority of Uber fares outside London will avoid becoming more expensive, since the 20% sales tax will not apply.

    The new contracts do not relate to London, where the agency model is not allowed under Transport for London rules. As a result, Uber passengers in the capital will pay VAT on their fares.

    Uber’s change to the terms with its drivers has been expected since the budget announcement.


    https://www.theguardian.com/technology/2026/jan/02/uber-avoids-new-uk-taxi-tax-rewriting-driver-contracts

    I did a similar case for a brothel in Edinburgh some years ago. HMRC sought to aggregate the earnings of the women with that of the establishment and claimed VAT on their payments. We argued, successfully, that they were independent contractors who paid for the use of the room, towels, condoms etc but that their earnings for their services did not form a part of the earnings of the establishment. Some of the women were seriously close to the VAT threshold themselves but HMRC didn't go after them.
    Bet winning that case took a load off their minds.
  • No_Offence_AlanNo_Offence_Alan Posts: 5,328

    Who could have predicted this? Oh wait.

    Annoying that my Uber Lux will be 20% more expensive in London.

    Uber rewrites contracts with drivers to avoid paying UK’s new ‘taxi tax’

    Hailing app will now act as agent rather than supplier outside London, avoiding VAT requirement


    Uber has swerved paying millions of pounds to the UK exchequer under Rachel Reeves’s new “taxi tax” after the ride-hailing app rewrote contracts with its drivers.

    The move came as rules announced in November’s budget took effect, which adjusted how VAT is payable on minicab fares and would have resulted in the whole Uber fare becoming subject to the 20% sales tax.

    In November, Reeves told the Commons the changes would end up “protecting around £700m of tax revenue each year”.

    However, updated terms issued to Uber drivers from January 2026 mean the technology firm will act as an agent, rather than as the supplier, of transport services outside London. The move means drivers make a contract directly with their passengers – so they must charge any VAT due on the fare, while Uber only adds VAT to its commission.

    As most drivers are not thought to be making more than £90,000 in bookings a year, and therefore do not have to charge VAT, the majority of Uber fares outside London will avoid becoming more expensive, since the 20% sales tax will not apply.

    The new contracts do not relate to London, where the agency model is not allowed under Transport for London rules. As a result, Uber passengers in the capital will pay VAT on their fares.

    Uber’s change to the terms with its drivers has been expected since the budget announcement.


    https://www.theguardian.com/technology/2026/jan/02/uber-avoids-new-uk-taxi-tax-rewriting-driver-contracts

    The registration threshold for VAT should be reduced to £30,000 IMHO. If it is anything more than a hobby, your business should be paying VAT.
  • LostPasswordLostPassword Posts: 21,722

    Are we willing to pay the price of being fully autonomous from the US?

    We're not even willing to increase defence spending just a little bit as it is.

    Britain isn't willing at the moment. But someone needs to have that argument with the British people and persuade them.

    We're in a works run by Trump, Xi and Putin and we either choose to be completely subservient to one of them, or we have to pay up.

    And the cost of subservience is likely to be quite high anyway.
  • another_richardanother_richard Posts: 28,734

    Are we willing to pay the price of being fully autonomous from the US?

    We're not even willing to increase defence spending just a little bit as it is.

    There are millions of people in this country who would elect Trump as God-Emperor if he variously promised to increase health spending, welfare for themselves, house prices or to give them an extra foreign holiday or make their football team champions.
  • ydoethurydoethur Posts: 76,907
    DavidL said:

    Who could have predicted this? Oh wait.

    Annoying that my Uber Lux will be 20% more expensive in London.

    Uber rewrites contracts with drivers to avoid paying UK’s new ‘taxi tax’

    Hailing app will now act as agent rather than supplier outside London, avoiding VAT requirement


    Uber has swerved paying millions of pounds to the UK exchequer under Rachel Reeves’s new “taxi tax” after the ride-hailing app rewrote contracts with its drivers.

    The move came as rules announced in November’s budget took effect, which adjusted how VAT is payable on minicab fares and would have resulted in the whole Uber fare becoming subject to the 20% sales tax.

    In November, Reeves told the Commons the changes would end up “protecting around £700m of tax revenue each year”.

    However, updated terms issued to Uber drivers from January 2026 mean the technology firm will act as an agent, rather than as the supplier, of transport services outside London. The move means drivers make a contract directly with their passengers – so they must charge any VAT due on the fare, while Uber only adds VAT to its commission.

    As most drivers are not thought to be making more than £90,000 in bookings a year, and therefore do not have to charge VAT, the majority of Uber fares outside London will avoid becoming more expensive, since the 20% sales tax will not apply.

    The new contracts do not relate to London, where the agency model is not allowed under Transport for London rules. As a result, Uber passengers in the capital will pay VAT on their fares.

    Uber’s change to the terms with its drivers has been expected since the budget announcement.


    https://www.theguardian.com/technology/2026/jan/02/uber-avoids-new-uk-taxi-tax-rewriting-driver-contracts

    I did a similar case for a brothel in Edinburgh some years ago. HMRC sought to aggregate the earnings of the women with that of the establishment and claimed VAT on their payments. We argued, successfully, that they were independent contractors who paid for the use of the room, towels, condoms etc but that their earnings for their services did not form a part of the earnings of the establishment. Some of the women were seriously close to the VAT threshold themselves but HMRC didn't go after them.
    Was it a hard decision?
  • GallowgateGallowgate Posts: 21,225
    From Twitter “Venezuela’s Acting President Delcy Rodriguez states that the country will never be a colony of any nation, adding that Venezuela will only ever have one President, Nicolás Maduro.”
  • TazTaz Posts: 23,724

    Are we willing to pay the price of being fully autonomous from the US?

    We're not even willing to increase defence spending just a little bit as it is.

    There are millions of people in this country who would elect Trump as God-Emperor if he variously promised to increase health spending, welfare for themselves, house prices or to give them an extra foreign holiday or make their football team champions.
    If he could make Birmingham City champions he’d deserve it !! KRO.
  • TheScreamingEaglesTheScreamingEagles Posts: 125,500
    ydoethur said:

    DavidL said:

    Who could have predicted this? Oh wait.

    Annoying that my Uber Lux will be 20% more expensive in London.

    Uber rewrites contracts with drivers to avoid paying UK’s new ‘taxi tax’

    Hailing app will now act as agent rather than supplier outside London, avoiding VAT requirement


    Uber has swerved paying millions of pounds to the UK exchequer under Rachel Reeves’s new “taxi tax” after the ride-hailing app rewrote contracts with its drivers.

    The move came as rules announced in November’s budget took effect, which adjusted how VAT is payable on minicab fares and would have resulted in the whole Uber fare becoming subject to the 20% sales tax.

    In November, Reeves told the Commons the changes would end up “protecting around £700m of tax revenue each year”.

    However, updated terms issued to Uber drivers from January 2026 mean the technology firm will act as an agent, rather than as the supplier, of transport services outside London. The move means drivers make a contract directly with their passengers – so they must charge any VAT due on the fare, while Uber only adds VAT to its commission.

    As most drivers are not thought to be making more than £90,000 in bookings a year, and therefore do not have to charge VAT, the majority of Uber fares outside London will avoid becoming more expensive, since the 20% sales tax will not apply.

    The new contracts do not relate to London, where the agency model is not allowed under Transport for London rules. As a result, Uber passengers in the capital will pay VAT on their fares.

    Uber’s change to the terms with its drivers has been expected since the budget announcement.


    https://www.theguardian.com/technology/2026/jan/02/uber-avoids-new-uk-taxi-tax-rewriting-driver-contracts

    I did a similar case for a brothel in Edinburgh some years ago. HMRC sought to aggregate the earnings of the women with that of the establishment and claimed VAT on their payments. We argued, successfully, that they were independent contractors who paid for the use of the room, towels, condoms etc but that their earnings for their services did not form a part of the earnings of the establishment. Some of the women were seriously close to the VAT threshold themselves but HMRC didn't go after them.
    Was it a hard decision?
    Well it was a happy ending for the courtesans.
  • OmniumOmnium Posts: 12,371

    DavidL said:

    Who could have predicted this? Oh wait.

    Annoying that my Uber Lux will be 20% more expensive in London.

    Uber rewrites contracts with drivers to avoid paying UK’s new ‘taxi tax’

    Hailing app will now act as agent rather than supplier outside London, avoiding VAT requirement


    Uber has swerved paying millions of pounds to the UK exchequer under Rachel Reeves’s new “taxi tax” after the ride-hailing app rewrote contracts with its drivers.

    The move came as rules announced in November’s budget took effect, which adjusted how VAT is payable on minicab fares and would have resulted in the whole Uber fare becoming subject to the 20% sales tax.

    In November, Reeves told the Commons the changes would end up “protecting around £700m of tax revenue each year”.

    However, updated terms issued to Uber drivers from January 2026 mean the technology firm will act as an agent, rather than as the supplier, of transport services outside London. The move means drivers make a contract directly with their passengers – so they must charge any VAT due on the fare, while Uber only adds VAT to its commission.

    As most drivers are not thought to be making more than £90,000 in bookings a year, and therefore do not have to charge VAT, the majority of Uber fares outside London will avoid becoming more expensive, since the 20% sales tax will not apply.

    The new contracts do not relate to London, where the agency model is not allowed under Transport for London rules. As a result, Uber passengers in the capital will pay VAT on their fares.

    Uber’s change to the terms with its drivers has been expected since the budget announcement.


    https://www.theguardian.com/technology/2026/jan/02/uber-avoids-new-uk-taxi-tax-rewriting-driver-contracts

    I did a similar case for a brothel in Edinburgh some years ago. HMRC sought to aggregate the earnings of the women with that of the establishment and claimed VAT on their payments. We argued, successfully, that they were independent contractors who paid for the use of the room, towels, condoms etc but that their earnings for their services did not form a part of the earnings of the establishment. Some of the women were seriously close to the VAT threshold themselves but HMRC didn't go after them.
    Who says the law is boring.
    It should be a much more interesting thing than it is. The Ancients spent a lot of time refining it. Today though it's an incoherent mess. The novels of the past that pointed fun at the law (Dickens, Kafka, etc) couldn't be written today because the gloopy crap is impenetrable.
  • carnforthcarnforth Posts: 8,158
    edited January 3

    Who could have predicted this? Oh wait.

    Annoying that my Uber Lux will be 20% more expensive in London.

    Uber rewrites contracts with drivers to avoid paying UK’s new ‘taxi tax’

    Hailing app will now act as agent rather than supplier outside London, avoiding VAT requirement


    Uber has swerved paying millions of pounds to the UK exchequer under Rachel Reeves’s new “taxi tax” after the ride-hailing app rewrote contracts with its drivers.

    The move came as rules announced in November’s budget took effect, which adjusted how VAT is payable on minicab fares and would have resulted in the whole Uber fare becoming subject to the 20% sales tax.

    In November, Reeves told the Commons the changes would end up “protecting around £700m of tax revenue each year”.

    However, updated terms issued to Uber drivers from January 2026 mean the technology firm will act as an agent, rather than as the supplier, of transport services outside London. The move means drivers make a contract directly with their passengers – so they must charge any VAT due on the fare, while Uber only adds VAT to its commission.

    As most drivers are not thought to be making more than £90,000 in bookings a year, and therefore do not have to charge VAT, the majority of Uber fares outside London will avoid becoming more expensive, since the 20% sales tax will not apply.

    The new contracts do not relate to London, where the agency model is not allowed under Transport for London rules. As a result, Uber passengers in the capital will pay VAT on their fares.

    Uber’s change to the terms with its drivers has been expected since the budget announcement.


    https://www.theguardian.com/technology/2026/jan/02/uber-avoids-new-uk-taxi-tax-rewriting-driver-contracts

    The registration threshold for VAT should be reduced to £30,000 IMHO. If it is anything more than a hobby, your business should be paying VAT.
    Huge difference between selling non-tangible goods (say ebooks) (£80000 sales, £75000 profit) and running a cafe (£80000 sales, £10000 profit). It's a very blunt instrument.
  • ydoethurydoethur Posts: 76,907
    edited January 3

    From Twitter “Venezuela’s Acting President Delcy Rodriguez states that the country will never be a colony of any nation, adding that Venezuela will only ever have one President, Nicolás Maduro.”

    Ironically thereby justifying Trump's claim he* is a Dictator.

    *I mean Maduro.
  • williamglennwilliamglenn Posts: 56,982
    They even had a situation room set up at Mar-a-lago. Photos here:

    https://x.com/MrHarryCole/status/2007513425724006506
  • FrancisUrquhartFrancisUrquhart Posts: 89,309
    edited January 3

    They even had a situation room set up at Mar-a-lago. Photos here:

    https://x.com/MrHarryCole/status/2007513425724006506

    Nobody goes to the actual cinema these days even for the latest action movies.
  • Dura_AceDura_Ace Posts: 15,000

    Are we willing to pay the price of being fully autonomous from the US?

    We're not even willing to increase defence spending just a little bit as it is.

    I don’t think we are willing to pay the price, no
    Enough politicians and voters have worked out that 90+% of any extra money given to the MoD will be wasted to zero effect.
  • carnforth said:

    Huge difference between selling non-tangible goods (say ebooks) (£80000 sales, £75000 profit) and running a cafe (£80000 sales, £10000 profit). It's a very blunt instrument.

    Indeed. There are also lots of people running very small 'maker' businesses now, where margins can be in single digits. They may be selling £40,000 of stuff on ebay or etsy, but only making a couple of thousand in profit. Impose VAT on those people and they'll likely just stop.
  • DavidLDavidL Posts: 57,253
    ydoethur said:

    DavidL said:

    Who could have predicted this? Oh wait.

    Annoying that my Uber Lux will be 20% more expensive in London.

    Uber rewrites contracts with drivers to avoid paying UK’s new ‘taxi tax’

    Hailing app will now act as agent rather than supplier outside London, avoiding VAT requirement


    Uber has swerved paying millions of pounds to the UK exchequer under Rachel Reeves’s new “taxi tax” after the ride-hailing app rewrote contracts with its drivers.

    The move came as rules announced in November’s budget took effect, which adjusted how VAT is payable on minicab fares and would have resulted in the whole Uber fare becoming subject to the 20% sales tax.

    In November, Reeves told the Commons the changes would end up “protecting around £700m of tax revenue each year”.

    However, updated terms issued to Uber drivers from January 2026 mean the technology firm will act as an agent, rather than as the supplier, of transport services outside London. The move means drivers make a contract directly with their passengers – so they must charge any VAT due on the fare, while Uber only adds VAT to its commission.

    As most drivers are not thought to be making more than £90,000 in bookings a year, and therefore do not have to charge VAT, the majority of Uber fares outside London will avoid becoming more expensive, since the 20% sales tax will not apply.

    The new contracts do not relate to London, where the agency model is not allowed under Transport for London rules. As a result, Uber passengers in the capital will pay VAT on their fares.

    Uber’s change to the terms with its drivers has been expected since the budget announcement.


    https://www.theguardian.com/technology/2026/jan/02/uber-avoids-new-uk-taxi-tax-rewriting-driver-contracts

    I did a similar case for a brothel in Edinburgh some years ago. HMRC sought to aggregate the earnings of the women with that of the establishment and claimed VAT on their payments. We argued, successfully, that they were independent contractors who paid for the use of the room, towels, condoms etc but that their earnings for their services did not form a part of the earnings of the establishment. Some of the women were seriously close to the VAT threshold themselves but HMRC didn't go after them.
    Was it a hard decision?
    We had one of the women who worked there give very detailed evidence about how it all worked. Unlike my opponent she did not embarrass easily. The Tribunal found her evidence convincing, unlike that of the HMRC officers which was mainly hypothesis. So, no, not really.
  • Casino_RoyaleCasino_Royale Posts: 65,032

    Are we willing to pay the price of being fully autonomous from the US?

    We're not even willing to increase defence spending just a little bit as it is.

    Britain isn't willing at the moment. But someone needs to have that argument with the British people and persuade them.

    We're in a works run by Trump, Xi and Putin and we either choose to be completely subservient to one of them, or we have to pay up.

    And the cost of subservience is likely to be quite high anyway.
    "Someone".

    We don't have the leadership.
  • scampi25scampi25 Posts: 356

    Are we willing to pay the price of being fully autonomous from the US?

    We're not even willing to increase defence spending just a little bit as it is.

    And yet the site is chocabloc with armchair warmongers convinced that people will sacrifice current (not that good) living standards for just this. It would be funny if it wasn't so sad and pathetic. NATO is in disarray and the EU significantly worse!
  • BenpointerBenpointer Posts: 36,507

    Maybe time to bet on Rubio as the next President/Republican nominee.

    Only if all this doesn't go tits up in a few months time.

    Edit: added:



    Andrew Neil
    @afneil
    The Abduction of Maduro and his wife was brilliantly executed by the US military. It should have paved the way to handing over the country to the Opposition who won the election in 2024 but Maduro nullified.
    But no. Trump says he and his sidekicks will run Venezuela for the foreseeable future.
    How that will happen when the US is nowhere in Venezuela at the moment is a mystery. He hasn’t even talked to legitimate and popular opposition leaders.
    A brilliant military extraction is being turned into a future fraught with danger, with potential disaster written all over it.
    Handing the country over to the opposition would be the surest way to ensure it goes tits up because of the temptation for retribution against members of the former regime. It's much safer to work with figures from the existing government. Haven't we learnt the lesson that forced 'democratisation' doesn't work?
    Its possible that Trump has Machado on his hit list for being awarded the Nobel Peace Prize instead of himself.
    She didn't win the much more coveted FIFIA Peace Prize though did she?
  • NigelbNigelb Posts: 85,009
    The realist poodles are out in force tonight.

    Quote a few of them those who went on at some length about sovereignty, and damn the cost, before Brexit.
  • GallowgateGallowgate Posts: 21,225
    scampi25 said:

    Are we willing to pay the price of being fully autonomous from the US?

    We're not even willing to increase defence spending just a little bit as it is.

    And yet the site is chocabloc with armchair warmongers convinced that people will sacrifice current (not that good) living standards for just this. It would be funny if it wasn't so sad and pathetic. NATO is in disarray and the EU significantly worse!
    I feel like it’s you who is the pathetic one. Either we have a nation we are willing to defend or we don’t. The rest is fiddling while Rome burns.
  • OmniumOmnium Posts: 12,371
    Dura_Ace said:

    Are we willing to pay the price of being fully autonomous from the US?

    We're not even willing to increase defence spending just a little bit as it is.

    I don’t think we are willing to pay the price, no
    Enough politicians and voters have worked out that 90+% of any extra money given to the MoD will be wasted to zero effect.
    You seem to be a useful guy in a fight though. Perhaps fisticuffs, perhaps engineering, I think you'd be better than average. So the MoD does do some spending that is worthwhile. In the 30's they completely blundered, but the lessons learned were very valuable.

    It seems to me that producing lots of stuff and replacing it often is a good path. Produce 100 this year, and better next etc.
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