UK issue a further Split VAT Payment consultation

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.

 


Find out more about VAT in United Kingdom
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

Cameroon VAT on foreign e-commerce

Cameroon has extended its Value-Added Tax (VAT) system to cover supplies of online goods and services supplied by non-resident (foreign) companies in the...

SEE MORE
LATEST NEWS

Fiji VAT on e-services provided by remote sellers

Fiji is proposing to extend its Value-Added Tax (VAT) regime to apply to the sales of electronic services supplied by non-resident (foreign) companies to...

SEE MORE

Gated Content

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