UK extends MTD digital record-keeping and filing obligations to 1.1 million taxpayers from 1 April 2022; builds on phase II, April 2021 The requirements around digital VAT record keeping and submissions through MTD-compatible software to HMRC are to be extended to around 1.1 million small
€2.7 billion potential fine – ECJ finds UK “failed to fulfil its obligations” failing to collect proper customs duties The British government faces paying a hefty charge to the EU after the European court of justice ruled it had been negligent in allowing criminal gangs to
VAT cut may be announced prior to 7 Feb price cap rise The UK government is coming under pressure to cut the reduced VAT rate on domestic fuel from 5% to zero as inflation hits a 30-year high. Any change is likely to be announced
What customs documents and processes should UK importers observe since 1 January 2022 following the ending of Customs controls and tariffs easements Since 1 January 2022, the UK has ended the customs admin and controls suspension on imports coming into the UK from the EU.
Post Brexit, how to claim reduced tariff preference on UK-EU goods movements – Rule of Origin Following the UK’s exit from the EU, Customs Duties are potential due on goods moving between the UK and EU. The UK-EU Trade and Cooperation Agreement (TCA) entitles nil
Ongoing evaluation of withholding VAT on non-resident sellers The UK government has recommitted to exploring VAT split payments by payment service providers on ecommerce trade between UK consumers and non-resident sellers. This came in yesterday’s Treasury Command Paper on tax administration and maintenance. Many challenges
Updated rules post-Brexit for non-resident providers of electronic services to UK consumers The UK introduced Value Added Tax obligations on foreign providers and marketplaces of electronic or digital services to consumers from 1 January 2015. This was part of the EU’s Mini One-Stop Shop MOSS
HMRC’s MTD for VAT 45% behind 2020/21 revenue budget; cost for taxpayers £1.5billion The UK’s National Audit Office has stated that expected revenues from HMRC’s Making Tax Digital for VAT (MTD) campaign only raised £265million in 2020-21 against the forecast of £470million. However, the aim
How non-VAT registered UK sellers can use OSS for Northern Ireland – EU sales The UK’s HMRC has issued updated guidance on Value Added Tax reporting of B2C sales from Northern Ireland to EU under the new One Stop-Shop single VAT return. This new guidance
The UK’s HMRC has updated its guidance on the distance selling obligations for goods being sold from Northern Ireland to consumers in the EU. This reflects the EU e-commerce VAT package of 1 July 2021, and how that works given NI’s dual status in the
