Uber flaw exposes Australian companies to ‘misappropriation’ and costly penalties, tax expert wa …

uber flaw exposes australian companies to misappropriation and costly penalties tax expert wants

A “flaw” in rideshare giant Uber’s invoice system exposes Australian companies to misappropriation as well as costly fines and penalties, tax experts have warned.

In complaints seen by NCA NewsWire, the multi-billion dollar international company “has no means” to amend invoices after discounted promotion fares are paid.

When the rideshare company offers discounted trips, it accurately charges the promised amount to the passenger but the lower fare isn’t represented in the invoice.

For instance, if a customer catches a $20 Uber for work purposes and a discount of 20 per cent is applied, the passenger is charged $16, but the invoice says they paid the full amount.

Camera IconUber has become a preferred mode of transport in Australia. NCA NewsWire / Jenny Evans Credit: News Corp Australia

This provides an opportunity for workers to rip their employers off while also exposing companies to an audit from the Australian Taxation Office because their real expenses and taxable expenses are not aligned, Johnston Advisory director Ben Johnston said.

“An employer can request a bank statement or a credit card statement to prove the cost of the transaction, so for instances like that it’s an issue because the tax invoice doesn’t match the expense,” he told NCA NewsWire…

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