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
EU council struggles to agree on the removal of the...
The EU is struggling to finalise changes to its Import One Stop Shop (IOSS) system as part of the 2028 Customs Reforms, with member states divided over plans...
SEE MORE
LATEST NEWS
Austria proposes a €2 customs charge on a per parcel...
Austria is proposing to impose a €2 charge on e-commerce low-value imports (under €150) entering Austria from outside the European Union from October...
SEE MORE
LATEST NEWS
Grenada to introduce VAT on foreign digital services
At the end of April 2026, Grenada introduced its new Value Added Tax (Amendment) Bill 2026, which will extend its VAT system to include digital services...
SEE MORE