- HMRC has updated Notice 700/1 regarding VAT registration
- Guidance for non-established taxable persons (NETPs) on when to apply for VAT has been included
- Updates include definitions of UK establishment, registration process for NETPs, and penalties for non-compliance
- Guidance for voluntary registration for NETPs has been removed
- Information on Making Tax Digital for VAT Returns and penalties for late notification to HMRC has been added
- New European threshold for distance selling into an EU Member State has been introduced
Source: marcusward.co
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
