Option to tax

HMRC stop issuing option to tax notification receipts

13 January 2023| CATEGORIES: Uncategorised| TAGS:

HMRC has advised that from 1 February 2023, it will no longer issue VAT option to tax (OTT) notification receipt letters, nor provide confirmation that an OTT is in place – outside specific circumstances. OTT Notification by e-mail When notifying HMRC of an OTT of land or property by e-mail, HMRC request that the subject line …

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EU VIDA

EU VAT in the Digital Age (VIDA) proposals published

12 January 2023| CATEGORIES: EU VAT, VAT in the Digital Age, VIDA| TAGS: , , , , ,

The European Commission has proposed a series of measures to modernise and make the EU’s Value-Added Tax (VAT) system work better for businesses and more resilient to fraud by embracing and promoting digitalisation. The VAT in the Digital Age (VIDA) package also aims to address challenges raised by the development of the platform economy.

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