The BVRLA and its members are supportive of HM Treasury’s work looking at the Sharing Economy and emphasises the importance of having a fair playing field.
In the BVRLA’s consultation response, the association acknowledges that the Sharing Economy is already substantial in the UK and will continue to grow.
It makes clear that the Government needs to ensure that there is there is a level playing field to ensure that there can be fair competition between the Sharing Economy and traditional businesses.
The Sharing Economy should not face significantly lower taxation levels, regulatory requirements or safety standards. VAT is a key part of this framework and we would welcome further engagement with HM Treasury on this and other areas of taxation and the Sharing Economy.
If you have any questions, contact [email protected].
