UK – VAT split payment system
Date24 Apr 2017
CategoryVAT Compliance
Recently the UK government launched a consultation on the use of split VAT payments for the e-Commerce industry. This split payment mechanism consists of the customer paying the VAT share straight to the relevant tax...
UK – VAT measures announced in the Budget
Date19 Apr 2017
CategoryVAT Compliance
The Chancellor announced in the UK Spring Budget new measures for tackling VAT avoidance and evasion, together with an increase in the registration and de-registration thresholds. VAT Avoidance The elimination of the use and enjoyment...
UK – changes to VAT
Date22 Mar 2017
CategoryVAT Compliance
The UK raises VAT Registration Threshold On 8th March, 2017 the UK Chancellor announced in his Spring Budget that the annual VAT ‘Registration Threshold’ will rise from £83,000.00 to £85,000.00, with the ‘De-Registration Threshold’ also...
Increase on ‘free allowance’ on small packages
Date16 Jan 2017
CategoryVAT Compliance
From 1st January, 2017, the VAT-free threshold has been increased by the UK for small packages being imported in the country, from outside of the EU. The previously maximum value of goods was £34.00, this...