Oct 22, 2019

Airbnb probed by UK tax authorities

Home rentals site Airbnb has warned a tax inquiry by HM Revenue & Customs could lead to legal proceedings. A note in newly filed accounts for Airbnb UK said it had been contacted by HMRC over "Tax laws or regulations impacting the company's business". The San Francisco-based company has two UK entities - Airbnb UK, which markets and supports the business, and Airbnb Payments UK, which processes payments between Airbnb hosts and guests outside the US, China and India. Last year, Airbnb UK paid tax of £146,059 on profits of £455,076 and a £14.2m turnover. "George Bull, senior tax partner at accountancy firm RSM, said:"Nobody is saying that Airbnb has done anything wrong.

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