HM Treasury is seeking views on the government’s assessment of the VAT challenges created by the Sharing Economy.
The Sharing Economy has enabled individuals and business to connect with consumers and provide services to them on a larger scale than previously possible. This activity is usually facilitated by digital platforms which can be based anywhere in the world.
Although this creates opportunities for the UK economy and society by stimulating enterprise and optimising the use of scarce resources, the government is also aware that it could create certain challenges for the VAT tax base.
The BVRLA is preparing a submission in answer to this call for evidence and welcomes member views. Input is needed in time for the 3 March deadline.
Members can provide their comments to [email protected].
Details of other open consultations that may be of interest can be found on the BVRLA website.
