The United Kingdom’s HM Revenue and Customs has issued guidance on registration criteria for the VAT Import One Stop Shop (IOSS) regime. Taxpayers are now able to commence online registration to report and pay VAT on imports of low-value goods to consumers in the EU and Northern Ireland, effective from March 1.
Source: GVC
Latest Posts in "United Kingdom"
- Tribunal Rules on VAT Status of Government Grants for Free Educational Services by Colleges
- Colleges Win £2.8 Million Tax Rebates Amid VAT Rule Dispute with HMRC
- The UK Should Lower or Abolish, Not Raise, Its VAT Registration Threshold
- UK Should Lower or Abolish VAT Threshold to Boost Small Business Growth and Efficiency
- Lowering VAT Threshold Risks Breaching Labour’s Manifesto, Warns Self-Employed Association
