he UK Government is inviting input on the tax challenges associated with the rise of the sharing economy.
The sharing economy enables individuals to provide goods or services to other individuals, typically through a digital platform, such as ride-sharing services and temporary accommodation services. In a new call for evidence on the need for reform of the UK’s VAT rules, the Government notes that the sharing economy creates huge opportunities for the UK economy but also potentially creates certain challenges to the VAT tax base.
Source: tax-news.com
Latest Posts in "United Kingdom"
- Interest Payable on VAT Element of Commercial Debt Under Late Payment of Commercial Debts Act 1998
- Addressing Unfair VAT Repayment and Interest Rates: CIOT and ATT Autumn Budget 2025 Representation
- UK Tribunal Clarifies Input VAT Deductions and HMRC Discretion Under VAT Regulations 1995
- UK Tribunal Rules Company Cannot Reclaim Input VAT Due to Pre-Registration Purchases and Invalid Invoices
- Permission to Make Late VAT Appeal Refused: Choudhury v HMRC, Martland and Katib Applied
