Airbnb paid less than £200,000 corporation tax last year, despite generating more than £600m of rental income for British landlords. Airbnb Payments UK handles cash transfers between visitors and landlords outside America, China and India. After a drop in reported profits, it paid £188,000 in UK corporation tax last year, down from £196,000 in 2015. A sister company, Airbnb UK, promotes the website and apps to consumers in this country. It reported a £463,000 pre-tax profit last year, but paid no tax after handing shares to staff — such payments are tax deductible.

Source: The Times October 07, 2017 23:03 UTC