29 June 2016
HMRC is considering subjecting adult colouring books to VAT at the standard rate in the UK. Currently these types of colouring books for both children and adults have a zero rate of VAT, however HMRC are looking to reclassify these as ‘uncompleted’ books which would result in the 20% standard VAT rate being applied.
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