- A Non-Established Taxable Person (NETP) must register for VAT when making taxable supplies in the UK.
- A tax representative maintains VAT records, submits returns, and is liable for VAT debts of the NETP.
- A tax agent performs similar tasks but is not liable for VAT debts.
- HMRC can require a NETP to appoint a tax representative.
- A tax representative acts in its own name, while an agent acts in the name of the NETP.
- Contracts should clearly define responsibilities and fees.
- If no representative or agent is appointed, the NETP must fulfill all VAT obligations itself.
Source: marcusward.co
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.
