The complexities of the UK’s indirect tax landscape can be challenging for overseas businesses to navigate when selling here for the first time. Those importing goods will need to consider Customs Duty, and the sellers of both goods and services will need to consider VAT too. VAT and Customs Duty are referred to as indirect taxes. Customs Duties are irrecoverable, whereas import VAT paid by a business can in principle, be reclaimed, but not always.
Source Forbes
Latest Posts in "United Kingdom"
- UK VAT Rules on Online Prize Draws Face Scrutiny Amid New Voluntary Code and Industry Growth
- How UK Businesses Accidentally Trigger US State Sales Tax Through Ecommerce and Economic Nexus
- Director Liable for VAT Fraud and PAYE/NIC on Withdrawals: Ellis & Anor v HMRC (2026)
- UK VAT Gap Rises to £11.9bn in 2024–25, HMRC Reports 6.5% Shortfall
- Luzha v HMRC: VAT Late Submission Penalties Upheld, No Reasonable Excuse Found, Appeal Dismissed
