AIRBNB X HMRC
Airbnb hands over users’ details
to taxman to help track down those failing to declare income
Airbnb has shared its users’ income details with HMRC to help officials track down those who have failed to pay the right amount of tax.
The earnings data goes back as far as the 2017-18 financial year.
Airbnb hosts are aware their data is shared, with the company offering a range of support to help them understand tax and follow the rules.
HMRC is working with a range of online rental platforms to ensure their users pay the correct amount.
“Hosts want to pay their fair share of tax and we want to help, which is why Airbnb partners with industry experts across the UK to help hosts understand and follow tax rules,” an Airbnb spokesman told Sky News.
“We also work with HMRC to share information and help ensure that UK authorities receive the taxes they are due, in accordance with UK laws.
The typical UK host shares their own home for just two nights a month, and one in three say the extra income helps them afford rising living costs.”