Over the last few days, reports have emerged of leaked documents which suggest that HMRC is to introduce a requirement for online marketplaces to account for VAT on cross border sales of goods to UK consumers. This change, if enacted, is a significant extension to the current UK rules which provide that in some circumstances the online marketplace could have joint and several liability for VAT due on sales. A report in the Financial Times states that this will come into effect on 1 January 2021. There has so far been no official confirmation from HMRC on this point.
Source: rsmuk.com
