HMRC renews tax crackdown on holiday let landlords
UK: HM Revenue & Customs [HMRC] has launched a renewed crackdown on holiday lets investment after it was revealed that the tax authority had opened almost 2,000 investigations into landlords letting out their properties via short-term rental platforms over the last tax year.
Airbnb HMRC information sharing rules come into effect
UK: Rules enforcing the sharing of information by Airbnb and other firms with His Majesty’s Revenue & Customs [HMRC] have come into effect in the UK.
Second home tax loopholes under review by Labour Party
UK: The Labour Party is seeking to close tax loopholes that enable second homeowners to avoid paying council tax, according to The Telegraph.
Khan calls for licensing scheme introduction in London
UK: Sadiq Khan, the current Mayor of London, has added calls for a short-term rental registration scheme in the capital in a bid to alleviate the ongoing housing crisis.
HMRC targets short-term rental hosts in tightened tax crackdown
UK: Airbnb hosts suspected of not declaring their rental earnings are facing a potential 20-year tax investigation from His Majesty’s Revenue & Customs [HMRC] that covers six years of income information, as part of a wider crackdown on the sector’s activities by the UK tac authority.
HMRC targets holiday let owners in UK tax crackdown
UK: His Majesty’s Revenue & Customs [HMRC] is continuing its crackdown on short-term rental property owners who it suspects have not paid enough tax.
London accountancy firm warns of host tax investigation
UK: Accountancy firm Grunberg & Co. has recommended that Airbnb and other short-term rental hosts review their tax affairs. According to the firm, Airbnb’s agreement to provide Her Majesty’s Revenue and Customs [HMRC] with details of host income may lead to significant growth in tax investigations. The company’s UK branch was served a £1.8 million […]
HMRC adds £1.8m to Airbnb UK tax bill
UK: The UK branch of Airbnb has been served an additional £1.8 million tax bill after an investigation from Her Majesty’s Revenue & Customs [ HMRC ] into its 2019 profits. The company confirmed it had paid the bill in addition to the £1.1 million of annual corporate tax it had already handed over. Airbnb’s tax […]
Airbnb facing HMRC enquiries over UK tax activity
United Kingdom: Online short-term rentals platform Airbnb is facing enquiries from HM Revenue & Customs (HMRC) about its ongoing tax situation. In a note published on Companies House, the company said it had been contacted by HMRC ‘regarding the application of tax laws or regulations’ impacting its business. This follows the news that the online […]