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Money Box: Airbnb agrees to share tax data with HMRC

10/10/2020

Airbnb agrees to share tax data with HMRC

BBC Radio 4 - Money Box, Airbnb agrees to share tax data with HMRC

Airbnb share tax data with HMRC, more mini-bond trouble and the collision repair loophole.

Airbnb shares tax data of hosts with HMRC, mini-bond provider Wellesley in trouble and the collision repair loophole.

People who let out property using Airbnb have been warned this week that the firm will send HMRC the details of their earnings going back to 2017. It may mean that some hosts will receive surprise tax bills.

Thousands of people who invested in a mini-bond sold by a firm called Wellesley face an impossible choice next week. They must decide if they want the company to go into administration and lose everything, or vote for what is called a Company Voluntary Arrangement and lose nearly everything.

When your vehicle is damaged and it is another driver’s fault it's pretty standard practice for their insurer, not yours, to sort out the repairs to your car but it has emerged that it can leave you without a right to complain or get redress when things go wrong. We speak to the MP calling for change.

Presenter: Paul Lewis
Producer: Alex Lewis
Editor: Emma Rippon

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