30 April 2018
The UK tax authorities have issued a further public consultation relating to the adoption of Split Payments for e-commerce transactions in the country.
If introduced it’s hoped that the mechanism will help to prevent online VAT fraud and would require the VAT-element of online sales to be paid directly to the UK tax authorities by the online sellers at the time of purchase.
Split Payments are already in use on certain transactions in Italy, Romania and Austria. Poland are also planning to introduce the mechanism from 1 July 2018.
Further detail on the public consultation can be found here.
LATEST NEWS
Several member states are proposing the introduction...
Several EU countries, including Belgium, France, the Netherlands, and Romania, are proposing the introduction of a national handling fee on low‑value...
SEE MORE
LATEST NEWS
Reminder: Bulgaria joined the Eurozone on 1 January...
From 1 January 2026, Bulgaria has adopted the euro as its official currency. The country has been preparing for this transition since joining the European...
SEE MORE
LATEST NEWS
EU to remove the customs duty exemption for “low...
Currently, imports valued at €150 or below can be imported duty free into the EU. However, the European Union has reached an agreement to abolish this...
SEE MORE