HMRC’s new powers to tackle electronic sales suppression
The HMRC has issued advice about the new powers and penalties under the Finance Act 2022 to tackle electronic sales...
READ MOREMEPs plan clampdown on online platforms to close €5bn VAT gap
European lawmakers are set to tighten rules for large online platforms such as Amazon and eBay to recover billions in lost VAT from sales through their sites.
The proposed rules will overhaul the outdated 2006 VAT Directive to reflect the growth in online shopping and digital commerce and were pushed through the European parliament by Ondřej Kovařík (Renew, CZ).
Read more at the Accountancy Daily.
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NICs increase has immediate impact on business
Research of more than 1,100 UK employers by the British Chambers of Commerce has uncovered a series of negative...
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Digital platform reporting rules to start January 2024
New reporting rules for digital platforms will be implemented from 1 January 2024, said the HMRC.
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