Category: VAT registration
10 April 2024| CATEGORIES: HMRC guidance, Non-established taxable persons, UK, VAT registration| TAGS: HMRC, NETP, VAT, VAT registration
HMRC have amended VAT registration information relating to non-established taxable persons (NETPs) in VAT Notice 700/1. An NETP is any person who does not have a UK establishment. The rules regarding VAT registration can be complex, especially for overseas sellers of goods via an online marketplace.
24 May 2023| CATEGORIES: e-Commerce, VAT, VAT registration| TAGS: digital services, e-commerce, ESS, GST, VAT
The trend for businesses to provide services digitally or online has accelerated significantly in recent years, particularly following the COVID pandemic. The Value Added Tax (VAT) and Goods and Sales Tax (GST) compliance obligations of businesses providing digital or electronically supplied services (ESS) are increasing. Tax authorities increasingly require overseas businesses to register for and charge local VAT/GST on their B2C supplies of ESS.
1 December 2022| CATEGORIES: Autumn Statement, VAT, VAT registration| TAGS: VAT registration threshold
In the Autumn Statement Chancellor Jeremy Hunt announced that the VAT registration and deregistration thresholds would be frozen for a further 2 years from April 2024. The current thesholds of £85,000 (VAT registration) and £83,000 (VAT deregistration) have now been in place since April 2017.
