Exclusive: Britain hits Airbnb UK with extra $2.3 million tax bill after probe
By Alistair Smout
LONDON (Reuters) - British authorities hit Airbnb UK with an extra tax bill of 1.8 million pounds ($2.3 million) last year, the home rental company's accounts showed on Tuesday, following an investigation into the firm.
The UK arm of the San Francisco company, which also paid annual corporation tax of over 1 million pounds in Britain, said it had paid the extra obligations after a request from British tax authorities Her Majesty's Revenue and Customs (HMRC).
"During 2019, the Company received a revised assessment from HMRC which resulted in additional tax payable of 1.8 million pounds," Airbnb UK said in their accounts, which were reviewed by Reuters, after two years of contact with HMRC about its tax arrangements.
The U.S. company's tax affairs have drawn closer scrutiny globally as it has ...
Read More on Datafloq
LONDON (Reuters) - British authorities hit Airbnb UK with an extra tax bill of 1.8 million pounds ($2.3 million) last year, the home rental company's accounts showed on Tuesday, following an investigation into the firm.
The UK arm of the San Francisco company, which also paid annual corporation tax of over 1 million pounds in Britain, said it had paid the extra obligations after a request from British tax authorities Her Majesty's Revenue and Customs (HMRC).
"During 2019, the Company received a revised assessment from HMRC which resulted in additional tax payable of 1.8 million pounds," Airbnb UK said in their accounts, which were reviewed by Reuters, after two years of contact with HMRC about its tax arrangements.
The U.S. company's tax affairs have drawn closer scrutiny globally as it has ...
Read More on Datafloq
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