The website in question is a peer-to-peer platform. Users can contact each other and agree a fixed cost for a particular service. I take a percentage of the cost and the rest goes to the user who carries out a service.
If it matters, users get paid as soon as they have completed the agreed task and the customer is happy with the results (i.e.: the customer releases the funds from an escrow account)
- The platform is intended to be available in multiple countries across the world
- The business is registered in the UK.
As the website/business owner, do I need to issue tax forms to those users who earn money on my website? For instance, I believe US users would need a 1099 form?
Am I legally required to issue such forms? For each country?