Policy paper

VAT and the Sharing Economy: Call for Evidence

This Call for Evidence seeks stakeholder views on the government’s assessment of the VAT challenges created by the Sharing Economy

• From: HM Treasury
• Published: 9 December 2020

Documents

VAT and the Sharing Economy: Call for Evidence

PDF, 278KB, 31 pages

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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, the government is also aware that it could potentially create certain challenges to the VAT tax base.

The aim of this call for evidence is to test the government’s view of the VAT challenges the Sharing Economy creates. We welcome stakeholder views, both those who may share our initial assessment and those who bring challenge to that perspective as well as evidence of other challenges that we have not yet considered. We are also seeking stakeholder views on potential next steps in evaluating and responding to these challenges.

Responses to the call for evidence should be submitted to HMTVATandExcisePolicy@hmtreasury.gov.uk no later than 23:59 on 3 March 2021.

Published 9 December 2020