One-year delay on seller and gig worker income reporting from marketplace operators The UK’s HMRC has delay from January 2023 to January 2024 new transaction reporting for digital marketplace operators and their gig, sharing and goods economy users. This data will be used to help
CONFIRMED: Much postponed Agri-foods pre-notification and documentation border controls delayed for 4th time from 1 July 2022 to ‘late 2023’. The cost of living crisis, Russian invasion of Ukraine and ongoing border delays mean the latest round of post-Brexit customs checks has been delayed from
UK Treasury launches 3-month review on 1% to 2% Online Sales Tax on e-commerce goods and services A consultation into taxing e-commerce to subsidise high-street retailers’ Business Rates charges has been launched until 20 May 2022. Three models are being reviewed: % turnover tax on
Alternatives for determining the customs value for post-Brexit import declarations Following the UK’s departure from the EU Customs Union and VAT regime after 31 December 2020, importers will have to declare the valuation of any goods moving between the UK and EU. There are special
What customs documents and processes should UK importers observe since 1 January 2022 following the ending of Customs controls and tariffs easements Since 1 January 2022, the UK has ended the customs admin and controls suspension on imports coming into the UK from the EU.
Government delays from April 2022 to Jan 2023 new Value Added Tax penalty regime due to IT issues Reforms to align the VAT penalty regime to that of other major taxes has today been delayed nine months until 1 January 2023. This is due to
End to deferred customs declarations in place since Jan 2021; full goods checks at UK borders; proof of Rules of Origin for preferential tariffs Since 1 January 2022, full border controls and customs declarations are required on goods entering the UK. This is based on
Intrastat reporting of EU goods movements ended January 2022 for UK as part of Brexit; Northern Ireland – EU movements obligation remain Following the UK leaving the EU VAT regime and Customs Union on 1 January 2021, the UK had continued to require VAT registered
2020-21 figures show Value Added Tax receipts down 22% due to emergency VAT deferral Figures released 14 December show the full effect of the COVID-19 pandemic on VAT receipts, including the March and June 2020 VAT payment deferral scheme used by over half a million
Ongoing evaluation of withholding VAT on non-resident sellers The UK government has recommitted to exploring VAT split payments by payment service providers on ecommerce trade between UK consumers and non-resident sellers. This came in yesterday’s Treasury Command Paper on tax administration and maintenance. Many challenges
