Airbnb hosts are facing tax investigations, following Airbnb’s decision to provide HMRC with details of its hosts’ income.
According to London accountancy firm Grunberg & Co, Airbnb has provided a statement in its accounts to 31 December 2019 that made it clear that it would share data with the tax authority on hosts’ income in the financial years 2017/18 and 2018/19.
Following this revelation, the accountancy firm is encouraging hosts and other landlords using the service to review their tax returns to ensure they are correct and complete.
In many cases no tax may be due, but where it is, a vo...