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UK updates digital platform VAT obligations for 3rd party sellers

7 November 2024 in

HMRC updates obligations for platform operators with regards their sellers VAT activities The UK’s HMRC is updating use of data from digital platform operators in the UK of their sellers activities. This will come into effect in November 2024. The changes will enable HMRC to

UK confirms withdrawal private education VAT exemption Jan 2025

30 October 2024 in

Budget confirms 20% VAT on private education and boarding services from 1 January 2025 Anti-forestalling provisions to prevent advance payment VAT avoidance from 29 July 2024 The new UK Chancellor, Rachel Reeves, has confirmed in her Autumn Budget on 30 October 2024 that the government

UK HMRC VAT Guidelines for Compliance (GfC8)

19 September 2024 in

HMRC

HMRC publishes good practice in relation to VAT accounting and compliance processes The UK’s HMRC has published on 18 September 2024 a wide ranging Guidelines for Compliance (GfC) set of best practises for VAT controls. GfC’s are a series of summaries of HMRC’s views on

UK HMRC adopts AI against VAT fraud

12 September 2024 in

Machine learning to spot likely VAT evasion across multiple data sources Tax authorities adopting AI has been underway for several years. But what about the UK? For over a decade, HMRC has used advanced analytics through its Connect system to identify potential cases of wider

UK HMRC updates EU VAT One-Stop Shop (OSS)

22 August 2024 in

Brexit

New guidance on using OSS to report Northern Ireland to EU B2C sales The UK’s HMRC has provided new guidance on how UK or other sellers selling goods B2C between Northern Ireland and the EU may register and report to HMRC via the EU One-Stop

UK carbon credits subject to VAT Sept 2024

11 May 2024 in

HMRC changes scope of VAT due to changes in carbon credit market In the UK, the sale of carbon credits are outside of the scope of VAT as there was no secondary market for onward supply. The UK’s HMRC is changing this from 1 September

UK launches EU IOSS VAT portal

26 March 2024 in

EU VAT e-commerce package

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

UK raises VAT registration threshold to £90,000

6 March 2024 in

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

UK HMRC MTD for VAT benefits small taxpayers

24 February 2024 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

UK concerns on EU IOSS

22 November 2023 in

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

Category: United Kingdom

UK updates digital platform VAT obligations for 3rd party sellers

UK confirms withdrawal private education VAT exemption Jan 2025

UK HMRC VAT Guidelines for Compliance (GfC8)

UK HMRC adopts AI against VAT fraud

UK HMRC updates EU VAT One-Stop Shop (OSS)

UK carbon credits subject to VAT Sept 2024

UK launches EU IOSS VAT portal

UK raises VAT registration threshold to £90,000

UK HMRC MTD for VAT benefits small taxpayers

UK concerns on EU IOSS

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