- From October 2027, UK online marketplace deemed supplier rules will be expanded so platforms become responsible for accounting for VAT on qualifying sales by UK VAT-registered businesses.
- The rules will also cover other UK businesses selling through a platform if their annual sales on that platform exceed a proposed £90,000 threshold, subject to detailed conditions to be set in secondary legislation.
- The new regime is not intended to apply to personal sales, second-hand goods, or B2B transactions.
- Sellers and marketplaces will need to adjust VAT invoicing, accounting, and reconciliation processes to comply with the new responsibilities.
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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