By Jennifer Faull

Airbnb, for example, claims that its typical UK host can earn an average £2,822 a year by letting their property for 33 days.

HMRC now wants its share after finding that it could be losing as much as £5.9bn a year in tax revenue from people earning money through online platforms and failing to declare it.

A report published last week, titled ‘Tackling the hidden economy: Extension of data gathering powers’, suggests that HMRC be given the power to demand certain platforms –including advertising and app stores – be required to hand over user data such as value of transactions as Read full story ›

Source: The Drum