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Tag: Split payments

Global VAT Split Payments

Global VAT Split Payments

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More countries experiment with removing VAT cash payments to combat fraud Many countries are again evaluating split payments: the Netherlands and even the UK are undergoing evaluations and pilots. The VAT split payment mechanism is used across various regions to improve tax compliance, reduce fraud,

UK continues to explore VAT split payments on foreign e-commerce

UK continues to explore VAT split payments on foreign e-commerce

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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

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