Lake asked Harra why these overseas businesses would ‘suddenly’ want to register a UK address as a flat in Wales.“That is a mystery”, said Harra. He observed that out of the 11,000 businesses involved, around 2,300 of them owe HMRC a debt that predates the 2021 online marketplace rules. Due to the unresolved address issue, HMRC lacks a valid address to correspond with these businesses regarding their debts.
Source: tax.org.uk
Latest Posts in "United Kingdom"
- UK Should Lower or Abolish VAT Threshold to Boost Small Business Growth and Efficiency
- Lowering VAT Threshold Risks Breaching Labour’s Manifesto, Warns Self-Employed Association
- UK VAT Threshold Debate: Growth-Boosting Increase or Revenue-Raising Decrease at Autumn Budget?
- Chancellor Proposes Raising VAT Registration Threshold to £100,000 to Boost UK Economy
- ICS2 Implementation for Northern Ireland: Transition Details and Support for Carriers by HMRC