In 2018, HMRC published a consultation on the possible use of “split payments” to collect VAT directly via the e-commerce payment process. The idea is that when qualifying goods or services are purchased, the VAT element of the purchaser’s payment would be routed to HMRC directly, and the seller will only receive the net amount.
Source: fiscalsolutions.co.uk
Latest Posts in "United Kingdom"
- FTT Grants HMRC’s Application to Strike Out Part of Scott Joseph Studio Ltd’s VAT Appeal
- FTT Refuses Late Appeal Against VAT Penalties in Choudhury v HMRC Due to Adviser Failings
- FTT Strikes Out VAT Appeal After HMRC Withdraws Assessments in Oriental Bu Trading Ltd Case
- Supreme Court Rules VAT Chargeable on NHS Hospital Parking; No Special Legal Regime Applies
- FTT Rules Nutella Biscuits Not Partly Chocolate-Covered, Qualify for VAT Zero Rating
