01:58 PM EDT, 07/15/2024 (MT Newswires) -- Uber's ( UBER ) competing taxi operators won an appeal Monday to slash a 20% tax charge on rides outside of London.

The UK Court of Appeal overturned a decision by London's High Court in 2023 that imposed a 20% value added tax on private-hire operators after Uber ( UBER ) filed a lawsuit.

Uber's ( UBER ) lawsuit was over the tax implications of a 2021 ruling by the Supreme Court that said drivers were entitled to worker benefits.

The tax charge was challenged by Delta Taxis and Veezu.

Law firm Aaron & Partners, which represented Delta, said it welcomed the decision.

Neither Uber ( UBER ) nor Veezu immediately responded to requests for comment from MT Newswires.

Uber ( UBER ) shares were down 0.5% in recent trading.

Price: 72.09, Change: -0.34, Percent Change: -0.47