The Chartered Institute of Tax (CIOT) has issued a useful note to alert both affected businesses and their Tax Agents of a step change in the process of managing VAT compliance in this area. Where HMRC would have issued requests for more information in cases where they feel that a VAT inaccuracy may have arisen in the records of an online marketplace business, they will – from September – start to issue direct VAT assessments for the VAT they consider at risk rather than issuing requests for information from the tax payer.
Source: centurionvat.com
Latest Posts in "United Kingdom"
- FTT Strikes Out Reemtsma VAT Appeal for Lack of Jurisdiction
- United Kingdom Removes Outdated EU Exit Text from Specified-Supplies VAT Guidance
- Victoria Oil & Gas FTT Rules on VAT Recovery for Holding Company
- HMRC Consults on Plastic Packaging Tax Mass Balance Rules for Chemical Recycling
- Trader Support Service New Platform Goes Live on 20 October 2026
