Today is the deadline for stakeholders to submit their observations on a proposed system to extract VAT on online sales in real time using payment technology and depositing it with HMRC. The call for evidence can be found here:...
We are here reproducing an article published on Tamebay.com with our contribution With the aim of tackling the long-discussed issue of VAT evasion related to ecommerce sales, HMRC is considering to introduce a “split payment mechanism” on sales made by...
The reason is that foreign sellers exploit the so-called “small consignment exemption” set forth by EU law, whereby parcels with a declared value of less than 10 Euros are not subject to customs or import VAT at the EU border. So, millions of parcels every...
Most European online shoppers do not realise that they are often evading taxes – meaning customs duties and import VAT – on shipments received from non-EU countries. And they risk liabilities and sanctions. The reason is that foreign sellers exploit the...
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