All Party Parliamentary Group for Entrepreneurship – Call for Evidence on the Sharing Economy
The All Party Parliamentary Group (APPG) for Entrepreneurship recently held a call for evidence on the sharing economy. As many low-income workers make at least part of their living from the sharing or gig economy, LITRG made a submission to the call for evidence to highlight issues that we think need to be considered in connection with the taxation of the income.
Among other things, we called for
- Consideration to be given to finding ways to tax those who work through platforms other than via the Self Assessment system
- The employment status of gig workers to be clarified as soon as possible
- HMRC to better advise and educate those who use online platforms as a source of work or to otherwise generate income about their tax obligations
- Trading and property allowances to be better publicised
The APPG has not yet published a report of the findings of its inquiry into the sharing economy as a result of the call for evidence, however LITRG’s submission can be found here.
The call for evidence can be found on the APPG For Entrepreneurship website.