HMRC opens Import One-Stop-Shop portal for e-commerce sales NI to EU The UK’s HMRC has launched 1 March 2024 its own full portal for the EU’s Import One-Stop-Shop IOSS. This enables UK or other non-EU businesses with a UK VAT number to report Northern Ireland
Annual threshold for compulsory VAT registration increases to £90k from £85k The first rise in the UK VAT registration threshold in over eight years was announced today in the UK Budget. The threshold will rise to £90,000 from the current £85,000. This was set in
HMRC research demonstrates wider digitalisation benefits of Making Tax Digital for VAT initiative for micro-businesses The UK’s Making Tax Digital for VAT regime, introduced between 2019 and 2022, has demonstrated wider advantages for taxpayers according to HRMC research. The focus of the report was for
Bolt wins right to only charge VAT only on its margin as Tour Operators Margin Scheme A UK First-tier tribunal case has ruled in favour of deliver service operator, Bolt, over HMRC. The tribunal ruled that these mobile ride-hailing services are passenger transport, commonly provided
UK Parliament’s European Scrutiny Committee flags ViDA and Customs IOSS reforms as friction for UK businesses; plus ongoing cost of EU fiscal representation The UK Parliament’s European Scrutiny Committee has published its concerns on the EU VAT in the Digital Age 2025 proposals to make
New guidance, based on OECD model, sets obligations for platform operators with regards their sellers VAT activities from 1 January 2024 HMRC has now issued guidance on the January 2024 introduction of VAT on digital platforms regarding their third-party sellers. This includes e-commerce goods; provide
Following Brexit, UK’s Retained EU Law Act 2023 ends certain reliance on EU-derived rulings on VAT The UK will cut certain links to EU VAT derived legislation from 1 January 2024. This is contained within the Retained EU Law Act 2023 (‘the Act’) which, following.
Drop of over 40,000 VAT registered business in past year The UK has experienced the first drop in the number of VAT and PAYE registered businesses since 2011. The number of businesses registered is now 2.7 million. Small traders were the hardest hit, with sharp
