Treasury eyes VAT charges for gig economy firms
BBC News Published image copyrightGetty Images The Treasury is looking at ways of taxing services provided by gig economy firms such as Uber, Airbnb and TaskRabbit. It is concerned that tax rules are not up-to-date enough to cover these type of tech platforms. The gig economy has grown rapidly and is expected to be worth £140bn by 2025. Not charging VAT means the the Treasury loses out on revenue, at a time when it is facing a huge hole in public finances due to the coronavirus crisis. However, its concerns about the "sharing economy" predate the start of the pandemic. When self-employed con...