- UK HM Revenue and Customs issued guidance on VAT import one stop shop regime
- Taxpayers can start online registration from March 1
- Guidance includes VAT registration obligations, applicability to goods under 135 British pounds, and reporting requirements
- VAT due on sales must be reported on UK VAT returns
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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