Exploring the potential of VAT split payment – The government is committed to exploring further VAT split payment, an alternative method of VAT collection where the tax element of a digital payment could be remitted directly to HMRC. While the work is at an exploratory stage, the government will continue to assess the potential of split payment both for tackling overseas VAT non-compliance and wider tax modernisation. The government is grateful for the ongoing input of stakeholders in the payments industry and will continue to take this work forward collaboratively, including through the Industry Working Group established in 2018.
Source
Latest Posts in "United Kingdom"
- FTT Strikes Out VAT Appeal After HMRC Withdraws Assessments in Oriental Bu Trading Ltd Case
- FTT Grants HMRC’s Application to Strike Out Part of Scott Joseph Studio Ltd’s VAT Appeal
- FTT Refuses Late Appeal Against VAT Penalties in Choudhury v HMRC Due to Adviser Failings
- Supreme Court Rules VAT Chargeable on NHS Hospital Parking; No Special Legal Regime Applies
- FTT Rules Nutella Biscuits Not Partly Chocolate-Covered, Qualify for VAT Zero Rating
