- 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.
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