VAT news tagged as "HMRC"

United Kingdom

UK HMRC Seller VAT fraud eBay and Amazon deal

April 6th, 2018

The UK’s HMRC is to publish in April an agreement it has made with major online marketplaces, including Amazon and eBay, to combat VAT fraud on their websites by sellers. The agreement was committed to following a December 2017 recommendation by the Parliamentary Public Accounts Committee, PAC. Any marketplace failing to meet the requirements of …

United Kingdom

UK Making Tax Digital VAT consultation

January 19th, 2018

The UK has released draft regulations for consultation and draft VAT notice for the April 2019 launch of Making Tax Digital (MTD) VAT. A pilot for tax payers, agents and software providers is scheduled to start in April 2018. Making Tax Digital for VAT April 2019 MTD is an ambitious programme to digitize tax records …

United Kingdom

Uber employment appeal loss – £40m VAT risk

November 10th, 2017

Today, the car-sharing ride service, Uber, lost its UK Employment Appeal Tribunal hearing as to whether its drivers are ‘workers’ or self-employed. The ruling, that they are considered workers for employment rights purposes, may encourage HMRC to revise the current position that Uber is not responsible for VAT on rides. This could leave Uber liable …

United Kingdom

UK ‘Making Tax Digital’ proceeds for VAT 2019

July 14th, 2017

The UK government has delayed its ‘Making Tax Digital’ programme for personal and corporate income tax until at least 2020 – potentially longer.  However, it remains committed to implement the new automated reporting requirements for VAT from 1 April 2019. ‘Death of the tax return’ Making Tax Digital is an ambitious project which will require …

United Kingdom

UK telecoms VAT fraud

January 19th, 2016

The UK’s HMRC will introduce domestic VAT reverse charge measures on 1 February 2016 to combat VAT fraud in the wholesale telecoms markets. The measure, which withdraws the cash payment of VAT on B2B voice and data telecoms services, follows consultation with the industry where VAT fraud is suspected. This is the latest industry sector …