- The EU and UK remain divided over the requirement for UK businesses to appoint a fiscal representative for using the EU’s Import One Stop Shop (IOSS).
- The UK views the requirement as an unnecessary administrative burden, while the EU insists it remains necessary.
- Broader customs and VAT reforms are under negotiation, including abolishing the €150 customs-duty threshold and expanding IOSS use.
- The EU raised concerns about recovering taxes from nonresidents in the UK, with HMRC starting a new debt recovery initiative.
- The UK expressed concerns about VAT data-sharing processes and compliance with legal and procedural standards.
Source: globalvatcompliance.com
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"
- Upper Tribunal Rules Hair Loss System for Severe Baldness Qualifies for VAT Zero Rating
- FTT: Yourway Transport Entitled to Recover Import VAT on EU Drug Deliveries, Not UK or Non-EU
- Court of Appeal Confirms FTT’s Supervisory Jurisdiction Over HMRC Discretion in Input Tax Cases
- FTT Upholds HMRC’s Best Judgment VAT Assessments Against Complete Electrical Services (NW) Ltd
- HMRC Updates List of VAT-Exempt Investment Gold Coins in VAT Notice 701/21A
