HMT publishes summary of responses to consultation on VAT and the sharing economy

Released 19 July 2021

HM Treasury (HMT) has published a summary of responses to the consultation on the Government’s assessment of the VAT challenges created by the Sharing Economy.

The Sharing Economy enables individuals and business to connect with consumers and provide services to them on a far larger scale than previously possible. This activity is usually facilitated by digital platforms which can be based anywhere in the world. The Government is aware that this could potentially create certain challenges to the VAT tax base.

In summary, HMT says that the Government will now use the consultation evidence to further develop its understanding in this area, and further developments can be expected in due course.

Further details can be found at

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