Airbnb hosts face tax probe and penalties for undeclared income

Airbnb hosts face tax probe and penalties for undeclared income

HM Revenue & Customs (HMRC) are looking into the earnings of Airbnb hosts. Those not declaring their income correctly could face penalties and sanctions. This is part of routine activity to identify individuals not paying the correct amount of tax

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Let Property Campaign: An opportunity for Airbnb hosts

Let Property Campaign: An opportunity for Airbnb hosts

Airbnb hosts who have neglected to declare taxable rental income have an opportunity to do so via HMRC’s Let Property Campaign (LPC). If rental income from a second property is not covered by rent-a-room relief, this should be declared on

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Beware undisclosed property income!

Beware undisclosed property income!

Undisclosed property income has long been on HMRC’s radar and its data sharing system has made it easier to pursue those taxpayers at fault. Last month, Reuters reported on an investigation into the UK arm of Airbnb, conducted by HMRC,

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