- Public Accounts Committee held a session on tax evasion in retail, focusing on online sales
- Session followed a National Audit Office report on tax evasion in retail
- Witnesses included top officials from HMRC, The Insolvency Service, and Companies House
- Discussion also covered Making Tax Digital and HMRC customer service issues
- Concerns raised about the compliance burden of Making Tax Digital for small businesses
- VAT registration discussed, with focus on the hair and beauty sector’s use of the rent-a-chair model to avoid VAT
- New rules for tax reporting by online marketplaces discussed, affecting platforms like eBay UK
- HMRC uses marketplace data for compliance risk assessment, not to change tax liability
Source: tax.org.uk
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.
