VATupdate

Buy Now, Pay Later providers need the right VAT strategy now, not later

Buy Now, Pay Later providers could be losing out to competitors, or storing up issues, if they fail to fully consider their VAT position.

With competition high and the industry set to grow by half as much again in 2022 to nearly $30bn-worth of transactions in the UK alone, BNPL providers must ensure they are optimally priced for growth – and VAT could be a significant but overlooked factor.

Source Deloitte

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