HMRC have initiated an 18-month proof-of-concept (POC) project to evaluate the feasibility of e-commerce transaction real-time direct VAT payments. The focus is on sales of e-commerce goods and services by non-resident merchants, and to eliminate any non-compliance and fraud. This is being done in cooperation with Payment Service Providers (PSPs) such as credit cards, online payment services and e-wallets.
Source: vatcalc.com
Latest Posts in "United Kingdom"
- Autumn Budget VAT Consultation May Affect Social Housing and Real Estate Sector Compliance
- VAT IOSS Scheme: Intermediary Registration Available from April 2026 for Non-EU Businesses
- UK Tribunal Ruling Paves Way for 5% VAT on Public EV Charging, Treasury Reviews Policy
- Court Rules Public EV Charging Should Have Reduced 5% VAT Instead of 20%
- Intermediary Registration for UK Import One Stop Shop Scheme Opens April 2026
