Tag - United Kingdom

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UK - Online VAT Fraud

HMRC has published an agreement to help build a collaborative relationship with online marketplaces and to promote VAT compliance by users of the marketplaces. When an online marketplace signs up to the agreement, the list of signatories will be updated.

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UK - Scottish VAT Devolution?

Reform Scotland, an independent think-tank, has called for VAT powers to be devolved from the UK Government to the Scottish Government, once legal restrictions imposed by EU law are lifted following the UK's departure from the European Union.

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UK - VAT Evasion Figures Revised

Following further research by HMRC and the government, new estimates into the source of VAT evasion have been released. Having estimated that between £1 billion and £1.5 billion is lost to Chinese and other overseas sellers, they now suggest that as much as 40% of the total VAT not being paid could be due from UK sellers.

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UK - Fulfilment House Due Diligence

The HMRC Fulfilment House Due Diligence Scheme has opened for registration on April 1st 2018. As reported in a previous article the scheme aims to ensure that fulfilment houses play their part in reducing abuse of VAT rules by online traders based outside the EU.

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UK - Making Tax Digital

Following the end of a consultation, the UK Government has said it will now engage with stakeholders on the development of guidance on the regime provided for in The Value Added Tax (Amendment) Regulations 2018, tabled in the House of Commons on February 28th 2018, to provide for the introduction of new digital tax administration obligations for VAT registered persons in the UK.

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UK - Online VAT Proposals

The Chancellor of the Exchequer, Philip Hammond, presented his Spring Statement to Parliament on March 13th 2018. One of the aspects of the speech related to online marketplace VAT collections.

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UK - VAT Fraud Penalty

The Isle of Man Treasury has announced that a new 30% penalty for participation in VAT fraud will be introduced from March 1st, 2018.

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UK - Amazon in VAT Number Demand

Amazon UK has made an announcement to the sellers on their marketplace this week which is likely to have significant consequences.

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UK - eBay VAT Numbers Published

eBay have announced that, with immediate effect, if you have previously supplied them with a VAT number then it will be displayed on all of your listings. Up until now sellers could manually choose whether to display their VAT number by specifying it in their Business Seller Information in their eBay Site Preferences.

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UK - Nesquik Zero Rating Decision

February 14th saw Nestlé UK Limited lose an appeal made to the UK’s Upper Tribunal Tax Court  regarding the VAT rating of their strawberry and banana flavoured Nesquik powders. The case provides an excellent example (once again) of the complications and oddities that can arise in the VAT realm.

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