BREXIT NEWS: New reporting system for the sales of small value consignment relief goods opens in the UK

8 March 2019

The UK tax authorities (HMRC) have introduced a new registration scheme for overseas businesses importing and selling goods valued at less than £135.

This new scheme is being introduced to ensure that these types of sellers account for VAT and duties when the goods are delivered to their customers in the UK. Registration for the scheme has already opened, please click here for further information.

Once registered, these businesses will be given a unique seller number to be included in all customs declarations and airway bills. They will then submit a quarterly report detailing the value of their sales and the calculated amount of the VAT owing.

LATEST NEWS

Emergency VAT measures to combat the financial impact...

Due to the negative financial impact that the Coronavirus pandemic is having on businesses all over the world, a number of tax authorities have implemented...

SEE MORE
LATEST NEWS

Portugal to reduce the VAT rate on gym and health club...

The Portuguese tax office has announced that the VAT rate on gym and health club memberships is to be reduced to 6%. To find out how this update could impact...

SEE MORE
LATEST NEWS

Netherlands extends COVID-19 VAT easements and payment...

The Dutch tax office has extended their Coronavirus VAT easements and payment extensions to 30 September 2020. To find out how this update could impact your...

SEE MORE

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.