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United Kingdom

Extension of Making Tax Digital to all UK VAT registered businesses from April 2022

With effect on April 1, 2022, Making Tax Digital (MTD) for VAT will be extended to all UK VAT registered businesses regardless of their size...Continued

Dragon’s Den star and retail magnate Theo Paphitis headlines Inspire 2021

This year has been like no other. Who better to learn from how to successfully adapt to this change, than self-proclaimed shopkeeper and multimillionaire high-street retail magnate, Theo Paphitis....Continued

UK IOSS Intermediary confusion

Confusion remains on EU country requirements for UK businesses applying for the new Import One-Stop-Shop (IOSS) registration, and whether they will require a local Intermediary - we are still waiting ...Continued

UK Brexit killed dropshipping?

Are the new VAT and customs obligations of Brexit choking the dropshipping e-commerce model? The complexity of import VAT, customs duties, product checks and customs declarations are not eating into ...Continued

UK Making Tax Digital phase 2 launches

1 April 2021 sees the launch of the UK’s Making Tax Digital for VAT Phase 2 (MTD), with big new digital requirements on over one million UK VAT registered businesses. These are the changes that were d...Continued

UK ecommerce 2021 VAT changes for sellers & marketplaces

The UK’s HMRC has overhauled the rules of VAT for ecommerce from 1 January 2021. This was at the same time as the end of the Brexit transition period, which brought separate VAT and customs changes. T...Continued

UK MTD for VAT on voluntary registrations proposal

The UK’s HMRC is considering extending the Phase II digital records and journey requirements to voluntary VAT registered business in 2022. The current plans is for phase II MTD to apply to businesses ...Continued

UK delays Brexit import declarations to January 2022

The UK government has announced today that it is extending the existing post-Brexit import customs declarations deferment from 1 July 2021 until 1 January 2022. The government outlined a revised timet...Continued

UK loses B2B triangulation VAT simplification with Brexit

Following the UK leaving the EU VAT regime from 31 Dec 2020, UK vendors have lost the right to use the B2B VAT triangulation simplification when selling goods between EU member states. UK businesses w...Continued

UK extends hospitality & tourism VAT cut to 5% till 30 Sept 2021; then 12.5% till 30 April 2022

The UK's Chancellor of the Exchequer, Rishi Sunak, has extending again the VAT rate cut on hospitality and tourism from 20% to 5% until 30 Sep 2021; then 12.5% until 30 April 2022...Continued