Taxing the gig economy – what’s the answer?
Jane Moore reports on the June 2018 meeting of Tax Club, which featured experts Jolyon Maugham QC and EY’s Steve Wade. They discussed the tax and employment law angles of the gig economy, including the tax position, the use of intermediaries, and alternatives and solutions.
The subject for discussion at June Tax Club was the very topical one of the gig economy. We had two expert speakers: Jolyon Maugham QC, barrister at Devereux Chambers, and Steve Wade, an associate partner at EY and chairman of the Tax Faculty’s Employment Taxes and NIC Committee. Between them they described the gig economy and how it is taxed, and also give their different angles – as a lawyer and a chartered tax adviser – on the problems of this new way of working and how they might be solved.
Maugham began by looking at the good and bad aspects of the gig economy, which he described as a contemporary form of piece-work.