There are new reporting rules for digital platforms related to income earned by users. These new rules require Airbnb and other platforms to report information about the income of UK sellers of goods and services on their platform.
We have shared Host earnings information in the past to support the correct payment of tax, and we will continue to do so in line with these new rules. The new rules, which came into force on 1 January 2024, simply formalise the way the information will be shared by platforms on an annual basis, beginning in January 2025.
Hosts on Airbnb want to pay their fair share of tax and we want to help, which is why we provide information and tools to help them do so. In 2019, we launched the UK Tax Hub for Hosts, providing videos and articles that address tax-specific topics, and have an ongoing partnership with online tax platform, TaxScouts, to offer Hosts a discount on their tax services and a direct line to professional, independent support. We also partnered with an independent third-party accounting firm to provide Hosts with a free tax guide that covers general tax information for the UK.
Under these new rules, there are no new tax obligations for Hosts, and for Hosts eligible for the Rent-a-Room scheme, hosting income is tax free up to £7,500 per year. The typical Host on Airbnb in the UK shares their own home for just two nights a month, and 1 in 3 say the extra income helps them afford rising living costs1. The typical Host on Airbnb in the UK earns around £6,200 a year2.
“We have shared Host earnings information with HMRC in the past to assist with the correct payment of taxes, and we will continue to do so under these new rules. Our Hosts want to pay their fair share of tax and we provide information and tools to help them do just that.”
Amanda Cupples, General Manager for Northern Europe, Airbnb
Please note that the information provided in the articles is not exhaustive and should not be considered as legal or tax advice. We highly recommend conducting your own research to ensure accuracy, as the articles may not be updated in real time. It’s important to verify the information from reliable sources to confirm any recent changes that may have occurred.