HMRC has decided to focus on particular areas of improving VAT collection and administration and may not adopt the EU VIDA. HMRC are at present considering the introduction of Split payment mechanism as an alternative method of closing the VAT gap.
Source: dlapiper.com
Latest Posts in "United Kingdom"
- Navigating VAT Challenges in UK Care Homes: Compliance, Risks, and Strategic Planning
- UK Chancellor Considers Increasing VAT Threshold to Boost Business Growth
- Potential VAT Changes for Travel Businesses: UK and EU TOMS Reforms, New Platform Rules
- VAT Fraudster Arif Patel Loses Ferrari and £90m Property Empire in HMRC Crackdown
- UK Internal Market Act Reforms Enhance Trade, Flexibility, and Collaboration Across Nations
