VAT news tagged as "HMRC"

Europe

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 …


United Kingdom

UK HMRC delays projects on Brexit customs fears

May 13th, 2018

The UK’s tax authorities, HMRC, has delayed 39 of its scheduled 267 ongoing efficiency programmes to ensure it can be ready for Brexit on 29 March 2019. Brexit customs IT upgrades sideline efficiency projects HMRC requested the delays to help ensure its new customs declaration services (CDS) would be Brexit-ready for a January 2019 launch. In …