- HMRC has updated Notice 700/1 regarding VAT registration for Non-Established Taxable Persons (NETPs)
- Updated guidance includes information on when NETPs need to apply for VAT
- Updates include definitions of UK establishment, registration process for NETPs, overseas sellers registration, consequences of non-compliance with VAT requirements
- Guidance on voluntary registration for NETPs has been removed
- Information on Making Tax Digital for VAT Returns included
- Penalties for late notification to HMRC mentioned
- New European threshold for distance selling into EU Member State mentioned
Source: deeksvat.co.uk
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.
Latest Posts in "United Kingdom"
- City of Portsmouth College v HMRC: VAT on Government Grants for Free Education Services
- Understanding VAT Obligations and Reliefs for Charities in the UK
- Guide to Claiming VAT and Import Duty Repayments: Eligibility, Process, and Requirements
- AI in Tax: Balancing Innovation and Risks in a Rapidly Evolving Landscape
- Deos Group.co.uk Ltd Wins Appeal Against HMRC on VAT Input Tax Disallowance and Penalty