30 November 2017
As announced in the October 2017 Autumn budget, from April 2018 legislation will be introduced that will extend the scope of the existing joint and several liability rules. This is to be able to hold online marketplaces (such as eBay, Amazon, Buy.com, Sears.com, etc.) jointly and severally liable for:
- Any future VAT that a UK business selling goods via the online marketplace fails to account for, once they have been notified by HMRC
- Any VAT that an overseas business selling goods via the online marketplace fails to account for where that online market place knew, or should have known, that the business should be VAT registered in the UK.
The UK government also announced that it would consider the introduction of a split payment system for e-commerce purchases, which would require the VAT element of any purchase to be paid directly to the UK tax authorities.
LATEST NEWS
Belgium to cut e-book VAT rate from 1 January 2022
From 1 January 2022, the Belgium tax authorities have confirmed that the VAT rate on the sale of e-books, e-manuals, e-newspapers, and e-magazines sold online...
SEE MORE
LATEST NEWS
Ukraine to apply VAT on digital services from January...
From 1 January 2022, Ukraine will impose VAT at 20% on the sale of e-services to local consumers by non-resident businesses. At present, non-resident...
SEE MORE
LATEST NEWS
Does a UK e-commerce business need an IOSS...
From 1 July 2021, the EU’s new e-commerce VAT reforms will be introduced allowing sellers to no longer pay import VAT at clearance on low-value consignments...
SEE MORE