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.
UK Agri-foods pre-notification and documentation border controls confirmed 5th delay to Apr – Oct 2024 The UK government’s latest Border Target Operating Model today has announced another delay to import checks on animal and plant goods from the EU (and rest of the world). The
Avoid paying import UK VAT on goods arriving from the EU or rest of world The UK introduced its new deferred import VAT regime, Postponed VAT Accounting (PVA) following its departure from the EU VAT regime from 1 January 2021. The relief will enable importers
2023 budget restates aim to review VAT treatment of banking, fintech and insurance In yesterday’s annual Budget, the UK Chancellor confirmed ongoing work to review the current VAT exemption for financial services. In addition to Value Added Tax, this will cover Insurance Premium Taxes which
Northern Ireland Protocol replacement removes most customs controls; gives back many reduced VAT and excise rates powers to UK; and introduces ‘Stormont Brake’ to Northern Ireland Assembly to block EU rules changes in the province The UK and EU have agreed today the Windsor Framework to replace
UK may gain more powers over goods VAT rate setting under Northern Ireland Brexit renegotiation The UK government and EU are in advanced discussions to renegotiate the Northern Ireland Protocol. This is the Brexit settlement alongside the UK-EU Withdrawal Agreement that gave the province a