The Chartered Institute of Tax (CIOT) has issued a useful note to alert both affected businesses and their Tax Agents of a step change in the process of managing VAT compliance in this area. Where HMRC would have issued requests for more information in cases where they feel that a VAT inaccuracy may have arisen in the records of an online marketplace business, they will – from September – start to issue direct VAT assessments for the VAT they consider at risk rather than issuing requests for information from the tax payer.
Source: centurionvat.com