The UK’s Chancellor has announced in today’s budget a public consultation on introducing anti-VAT fraud spilt payments on B2C e-commerce. The mechanism would work by UK consumers automatically paying the VAT element of any online purchase from overseas sellers directly to HMRC. This would aim to eliminate the growing problem of VAT fraud by non-EU …
The post UK anti-VAT fraud split payments on e-commerce appeared first on Avalara VATLive.