VAT news tagged as "HMRC"

United Kingdom

Avalara MTD Filer FREE tool for HMRC’s MTD

October 4th, 2018

From 1 April 2019, more than 2 million VAT-registered businesses will be required to digitize their accounting and VAT filing for the new HMRC Making Tax Digital (MTD) requirements. This ends manual keying-in of VAT return data on HMRC’s existing online VAT platform, which HMRC says is used for 88% of current VAT filings. HMRC …

United Kingdom

UK Making Tax Digital pilot goes public

September 20th, 2018

The UK’s HRMC has confirmed the next-stage plans for its Making Tax Digital (MTD) for VAT pilot. The pilot is aimed at helping develop filing solutions to ensure businesses are ready to file returns on the new HMRC API platform from 1 April 2019. So far, the pilot has been closed just to software developers …

United Kingdom

HMRC probes VAT import fraud

August 30th, 2018

The UK’s HMRC has launched a review into non-VAT registered importers of goods into the UK. It is looking to survey the numbers of businesses bringing goods into the country without a UK VAT registration to help understand if it can reduce the estimated £1.5billion in VAT fraud. Whilst it is not obligatory to have a …

United Kingdom

UK HRMC wins chocolate 20% VAT ruling

July 21st, 2018

On 21 July, HMRC won an appeal ruling at the First-Tier Tribunal Court against Kinnerton Confectionery, manufacturer of allergen-free chocolate for children. HMRC’s assessment was upheld that Kinnerton should be charging full VAT on its nut-free Just Luxury Dark Chocolate bar. HMRC had assessed a liability of £258,470 on Kinnerton for incorrectly zero-rating the bar. Kinnerton, based …


UK avoids EU VAT issues till post Brexit

July 16th, 2018

On July 12, the UK issued a White Paper outlining its proposed economic partnership with the EU after Brexit, scheduled for 29 March 2019. Whilst the discussion paper does represent a significant advance on the UK’s aspirations on future trade rules, it is vague on tax and VAT issues – effectively postponing any discussions until the …

United Kingdom

UK Parliament criticises slow progress on online VAT fraud

June 29th, 2018

Parliament’s Public Accounts Committee (PAC) has today highlighted ongoing weaknesses in HMRC’s fight against online retailers failing to properly declare and pay up to £1.5billion in VAT on sales on major marketplaces. Many of the fraudulent e-retailers originate from China. HMRC needs greater powers to break the stubborn levels of VAT fraud. They need the …