Sarah Bradford explains how income from letting short-term accommodation through Airbnb and similar platforms should be reported to HMRC.
Platforms such as Airbnb can be used to earn income from property in a variety of ways, ranging from the occasional let of a spare room to short-term lets of a holiday home all year round.
Digital reporting rules came into effect from 1 January 2024, which require certain UK digital platforms to report income information to HMRC. The first reports are due to be made in January 2025. The rules apply to Airbnb and similar platforms which facilitate the letting of short-term accommodation. Airbnb has previously shared earnings information with HMRC, and will continue to do so in line with the new reporting rules.
From a tax perspective, the way in which Airbnb and other similar income is taxed if at all, will depend on the nature of the income and also on the recipient’s
