HM REVENUE TO TAX ONLINE PLATFORMS.
The UK is eyeing a multibillion-pound tax raid on rides with Uber, accommodation booked through Airbnb and odd jobs undertaken by TaskRabbit as it searches for new ways to plug the gaping hole in the public finances left by the coronavirus pandemic.
In a consultation document published by the Treasury on Thursday, officials cast the spotlight on the “sharing economy”, which has grown rapidly but enables many people to consume services without paying the normal 20 per cent of value added tax due on the products.
When self-employed contractors carry out the service booked on a platform such as Uber, Airbnb or TaskRabbit, they often individually fall below the £85,000 VAT registration threshold. If they were employees and the service was provided by the platform company, consumers would have to pay the tax.
REPORT HERE : https://tinyurl.com/yyscov7h
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