The UK Treasury has launched a public consultation on the taxation of the gig economy – ‘VAT and the Sharing Economy’ It’s aim to redesign the tax system which is struggling to fairly capture revenues from a sector estimated to be worth £140bn by 2025. The two threats the UK and other governments sees is a large, untaxed activities and the tax handicap it creates for other businesses.
Source Avalara
Latest Posts in "United Kingdom"
- Tribunal Rules on VAT Status of Government Grants for Free Educational Services by Colleges
- Colleges Win £2.8 Million Tax Rebates Amid VAT Rule Dispute with HMRC
- The UK Should Lower or Abolish, Not Raise, Its VAT Registration Threshold
- UK Should Lower or Abolish VAT Threshold to Boost Small Business Growth and Efficiency
- Lowering VAT Threshold Risks Breaching Labour’s Manifesto, Warns Self-Employed Association
