Online lettings platforms to share data with HMRC this month

Platforms such as Airbnb and holiday let online booking services are to share data with HMRC, starting this month.

HMRC says this data-sharing does not constitute any new form of taxation, nor does it require any change of practice by investment property owners, landlords or other hosts using platforms like Airbnb.

Angela MacDonald, HMRC’s second permanent secretary and deputy chief executive officer, says: “We cannot be clearer – if you are not trading and just occasionally sell unwanted items online – there is no tax due.

“As has always been the case, some people who are trading through websites or selling services online may need to be paying tax and registering for Self Assessment.” Letting Agent Today