Fri 1 May 2009, Financial Times

Must I pay tax on bartered services?

By Steve Lodge
How are individuals taxed on barter “earnings”? I do some self-employed work for a company in return for free desk space. I am also considering doing a deal with a self-employed tradesman whereby I tutor his children in return for work he is doing on my house. No money would change hands and the arrangement would be informally agreed. Are we under an obligation to report such deals for tax purposes?