Rishi Sunak could introduce a UK e-commerce sales tax in his forthcoming budget, according to reports. The Telegraph quotes a government source as saying that the plans are still ‘rudimentary’ but there is clear impetus towards some kind of tax on electronic sales. It is unclear whether an online sales tax will be included in the forthcoming Budget. According to reports, other sources suggest that the government would consult with tech businesses before implementing an online sales tax.
Source: vatglobal.com
Latest Posts in "United Kingdom"
- Proposed VAT Relief for Bare Land Sales to Boost Social Housing
- UK Tribunal Rules Tapi Carpets Not Liable for £13.5 Million VAT Assessment
- Temporary Electricity VAT Relief Could Save Charities and Non-Profits Significantly
- ICAEW Warns Direct Debit VAT Plan Could Harm Business Cash Flow
- Rolling VAT Registration Threshold: Understanding the 12-Month Test
