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HMRC Launches an e-Commerce VAT Split Payment Project

In 2018, HMRC published a consultation on the possible use of “split payments” to collect VAT directly via the e-commerce payment process. The idea is that when qualifying goods or services are purchased, the VAT element of the purchaser’s payment would be routed to HMRC directly, and the seller will only receive the net amount.

Source: fiscalsolutions.co.uk

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