by stefanie | Jan 12, 2021 | World Focus
UK tax authorities (HMRC) have closed a VAT loophole that will see Chinese products sold on online marketplaces like Amazon and eBay rise by 20%. Effective from the 1st January 2021, online marketplaces now have to account for the VAT paid on products, sold to UK...
by stefanie | Sep 18, 2020 | World Focus
EU estimates a potential loss of €164 billion ($194 billion) VAT revenue due to the effect of the coronavirus on the European and global economy, poor tax compliance, fraud, avoidance, bankruptcies, insolvencies and tax administration. This year’s VAT Gap report...
by stefanie | Jun 8, 2020 | Around the Industry
The UK tax authority changes their guidance and VAT will now apply to Go Cardless transaction fees. Companies accepting invoice payments via the GoCardless payment service will now be required to pay Value Added Tax (VAT) across all of the fees charged by Go Cardless....
by stefanie | Mar 12, 2020 | World Focus
The European Union (EU) has introduced new rules to simplify tax and facilitate the detection of tax fraud in cross-border e-commerce transactions. From 1 January 2021 the EU MOSS scheme is being extended and special provisions concerning the obligations of electronic...
by stefanie | Mar 19, 2019 | Around the Industry
With Brexit potentially bearing down on us, preparations have been made to ensure that British VAT “remains operational” following the UK’s official departure from the EU. As Fresa Amthor of KMLZ reports, with 29th March 2019 fast approaching, and the possibility of a...
