Bill Dodwell considers the impact that the gig economy is having on employment and asks how we can tax it more fairly
The topic for discussion at the latest CIOT/IFS debate on 23 June was ‘How should platforms and gig economy workers be taxed?’ The speakers were Stuart Adam (IFS), Neil Ross (Tech‑UK), Meredith McCammond (LITRG) and me.
A good place to start is to ask what we mean by the gig economy. BEIS and the Institute for Employment Studies conducted some valuable research in 2018 (see bit.ly/3vMXro1), where following definition was put forward:
‘The gig economy involves the exchange of labour for money between individuals or companies via digital platforms that actively facilitate matching between providers and customers, on a short‑term and payment‑by‑task basis.’