Airbnb Income

Financial penalties: Revenue may impose fixed penalties or percentage-based penalties. The type depends on the nature and amount of the under-declaration. <a href=\"https://www.revenue.ie/en/vat/interest-and-penalties/when-are-penalties-payable-to-revenue/fixed-penalties.aspx\">Learn more .
Interest charges: Any unpaid tax accrues interest from the original due date until settlement.
Legal action: Persistent or deliberate under declarations can result in prosecution. Details on Revenue offences explain the risks.

Revenue is writing to 12,000 individuals to remind them to include income from Airbnb lettings on their tax returns. The letters will also provide guidance on t...

Revenue is writing to 12,000 individuals to remind them to include income from Airbnb lettings on their tax returns. The letters will also provide guidance on the tax treatment of this income and on how to correct returns already submitted, where necessary. Airbnb has provided Revenue with details of payments made to its customers in 2014, 2015 and 2016 for the provision of short-term accommodation. Please feel free to contact Barry Treacy [email protected] in our Tax Department if you require any assistance on the above.