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UK HM Treasury Consulting on VAT Challenges Created by the Sharing Economy

14 December 2020

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Proposed Changes

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United Kingdom

On 9 December 2020, UK HM Treasury published a call for evidence seeking stakeholder views on the government's assessment of the VAT challenges created by the sharing economy. The deadline for responses is 3 March 2021. --- Details The Sharing Economy has empowered individuals and business to connect with consumers and provide services to them on a far larger scale than previously possible. This activity is usually facilitated by digital platforms which can be based anywhere in the world. This creates huge opportunities for the UK's economy and society through stimulating enterprise and aiding optimal use of scarce resources. However,...