2 July 2018
Germany recently announced that from 1 January 2019 its existing joint and several liability rules will be extended to hold online marketplaces (such as eBay, Amazon etc.), liable for unpaid VAT by the merchants selling over their platforms.
This new liability mirrors the regulations that were introduced by the UK during March 2018 and will require online marketplaces to either keep a record of their merchants’ German VAT certificates or hold digital confirmation from the German tax authorities that the merchants are up-to-date with their VAT affairs, to ensure their VAT compliance.
It is hoped that this measure will help to prevent online VAT fraud, which is estimated to cost the European Union up to €5 billion per year.
LATEST NEWS
Separate EORI number for Northern Ireland required
HMRC have recently confirmed that businesses who import and export goods from Northern Ireland (NI) will need a special Economic Operator Identification Number...
SEE MORE
LATEST NEWS
Belgium force UK companies to engage a fiscal...
The Belgium tax authorities are contacting UK traders who hold a Belgium VAT account to inform them that they have a requirement to appoint a fiscal...
SEE MORE
LATEST NEWS
Fiscal representation not required in France for UK...
The French tax authorities have confirmed that UK businesses will not have a requirement to engage a fiscal representative when the Brexit transition period...
SEE MORE