The UK to relax its penalty rules.

The UK to relax its penalty rules.

The UK announced a new regime of penalties and surcharges for submitting late VAT returns and VAT payments starting in January 2023. Under this new system, taxpayers will see the possibility of getting a penalty or surcharge...
UK: HMRC changes strategy with online traders

UK: HMRC changes strategy with online traders

From September 2022, HMRC has changed the way its online compliance check team carries out e-commerce VAT assessments. Rather than requesting sales information from merchants as in the past, HMRC will now receive data directly from marketplaces (for instance, Amazon)...