UPDATE: Major online marketplaces sign-up to help tackle VAT fraud in the UK

6 June 2018

The UK tax authorities (HMRC) have confirmed that Amazon, eBay and Fruugo are the first online marketplaces to sign up to its e-commerce data exchange agreement.

During April 2018, HMRC asked all online marketplaces operating in the UK to sign an agreement to help tackle online VAT fraud. By signing this agreement these online platforms have agreed to:

  • Educate the sellers who use their online marketplaces in the UK on their VAT obligations either by producing their own guidance or directing them to HMRC’s GOV.UK guidance which can be found here.
  • Implement a system in order to take immediate action when notified by HMRC that an online seller is not following VAT rules.
  • Find a suitable and lawful way to provide HMRC with information about their sellers when and if requested.


Please click here for a published copy of this agreement.

LATEST NEWS

UPDATE: EU confirms e-commerce VAT reforms delay to...

The European Commission has confirmed that it will delay the introduction of the EU VAT e-commerce package from 1 January 2021 to 1 July 2021.  It is hoped...

SEE MORE
LATEST NEWS

Mauritius to implement VAT on foreign digital services

Mauritius is set to extend its VAT regime to apply to the sales of electronic services supplied by non-resident (foreign) companies to consumers in the...

SEE MORE
LATEST NEWS

Thailand to extend VAT to digital services

Thailand is set to extend its VAT regime to apply to the sales of electronic services supplied by non-resident (foreign) companies to consumers in the...

SEE MORE

Gated Content

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