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The OTS publishes a paper on the various tax issues.
The Office of Tax Simplification (OTS) has set out some of the tax issues emerging from the gig economy.
John Whiting OTS tax director said: ‘We have often come across issues raised by the gig economy – and its near-relative the sharing economy – in our work on simplifying the tax system.We are setting out what we see as the tax issues: these need attention and our aim is to prompt debate.’
The paper which is the first of a new series of occasional publications summarises the nature of the gig and sharing economies and the place of platforms. See here.
Gig is where organisations and independent workers contract for short-term engagements. Sharing is generating money by sharing or renting out assets. Platform is the use of...
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