Airbnb’s will share data on landlord’s income with HMRC. This information goes back to 2017. If a property owner has income over £85,000 in any twelve month period they will be required to VAT register. Failure to register may result in a penalty.
Source: marcusward.co
Latest Posts in "United Kingdom"
- Supreme Court Clarifies VAT Recovery Rules for Corporate Groups After Hotel La Tour Decision
- Appeal Dismissed: Input VAT Denial and Personal Liability Upheld on Kittel Grounds for One Call Consultants
- Input VAT Denial Upheld: Kittel Assessment and Penalties Made Within Statutory Time Limit
- Boehringer Ruling: Could £2.5bn VAT Reclaims Transform UK Pharma and Healthcare Forever?
- VAT Recovery Possible Without Fully Compliant Invoices if Alternative Evidence Provided, UK Tribunal Rules
