VAT news tagged as "Online marketplace"

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 …


Germany confirms marketplace liability for merchants’ unpaid VAT

June 27th, 2018

Germany yesterday published the draft Annual Tax Act 2018, which includes making online marketplaces potentially liable for merchants’ unpaid VAT liabilities. This was agreed by federal finance minister in May. From 1 January 2019, marketplaces will be required to keep a record of German and non-German merchants’ German VAT certificates. Alternatively, they may hold digital confirmation …


Germany – marketplaces liable for missing VAT

February 22nd, 2018

The new German governing coalition (CDU, CSU, and SPD)  is planning legislation to make online marketplaces potentially liable for any unpaid VAT of merchants operating on their websites. If the marketplace is shown that they failed to prevent ‘dishonest’ merchants, they would be held liable for unpaid VAT. The UK has already implemented similar laws. The …