- UK changed VAT regulations for low-value imports starting January 1, 2021
- VAT exemption for goods under £15 was removed
- All imported goods are now subject to VAT regardless of value
- Sellers dispatching goods valued at £135 or less to UK customers must register with HMRC and charge VAT at sale
- Online marketplaces facilitating sales must also register and charge VAT
- For consignments over £135, VAT is collected at import and customs duties may apply
Source: gov.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"
- Post-Brexit VAT Shifts: Reverse Charge and the New Digital Landscape
- Isle of Wight NHS Trust Wins VAT Exemption Case for Locum Medical Practitioners Supply
- Tribunal Rules on VAT Exemption for Locum Medical Practitioners Supplied by Agencies
- VAT Appeal Dismissed: Nitrous Oxide in Cream Chargers Not Zero-Rated as Food
- FTT Dismisses Akhtar’s Appeal Against HMRC’s Best Judgement VAT Assessments Due to Missing Records