Marketplaces under the EU’s spotlight

Marketplaces under the EU’s spotlight

As of 1 January 2023, EU-based online platforms shall provide information on their sellers under Council Directive (EU) 2021/514, or DAC7. As a result of these new rules, EU tax authorities will get a much better insight into the sales made via marketplaces. Both...
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)...