New reporting requirements for platform operators come into force from 1 January 2024, explains Max Schofield (Devereux Chambers).
From a brief perusal of the OECD’s recent publications– The impact of the growth of the sharing and gig economy; Gig economy platforms: boon or bane?; and The sharing and gig economy: effective taxation of platform sellers – one may discern that the gig economy in a digitalised world has been a common theme.
The tax challenges of digitalisation are described as ‘currently the top priority’. The rules developed for the brick-and-mortar economy need to be adapted for diverse business models with lower barriers to entry increased mobility and large customer bases.
In particular digital platforms have facilitated growth of the intermediated peer-to-peer economy for supplies such as spare rooms driven transport or domestic cleaning services. Traditionally these might have been carried out informally possibly cash-in-hand ...
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New reporting requirements for platform operators come into force from 1 January 2024, explains Max Schofield (Devereux Chambers).
From a brief perusal of the OECD’s recent publications– The impact of the growth of the sharing and gig economy; Gig economy platforms: boon or bane?; and The sharing and gig economy: effective taxation of platform sellers – one may discern that the gig economy in a digitalised world has been a common theme.
The tax challenges of digitalisation are described as ‘currently the top priority’. The rules developed for the brick-and-mortar economy need to be adapted for diverse business models with lower barriers to entry increased mobility and large customer bases.
In particular digital platforms have facilitated growth of the intermediated peer-to-peer economy for supplies such as spare rooms driven transport or domestic cleaning services. Traditionally these might have been carried out informally possibly cash-in-hand ...
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