VAT and excise law still interpretated in line with EU VAT law HMRC has confirmed that UK VAT and excise legislation should continue to be interrupted as EU law three years after Brexit (UK left the EU VAT union on 1 January 2021). But the
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
Treasury seeks views on CBAM levy on imports of carbon intensive goods 2027 On 21 March 2024, the UK Treasury and HMRC have issued a consultation paper on the proposed UK Carbon Border Adjustment Mechanism (CBAM), a levy on certain carbon-heavy goods being imported into
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
Marketplaces alerted on VAT obligations of Non-established taxable persons (NETP) The UK’s HMRC is working with marketplaces to identify foreign e-commerce traders which have established virtual UK companies in an attempt to avoid VAT registration obligations. It is estimated over 10,000 businesses are being approached
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
2024 no change to EU – Northern Ireland Intrastat thresholds The UK’s HMRC has confirmed that there will be no change to the EU – Northern Ireland (NI) Intrastat reporting threshold. The 2023 current arrivals and dispatches exemption, and delivery terms thresholds will be carried
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
