Tag: HMRC

HMRC unleash ‘Connect’ computer to target tax evaders

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HMRC’s powerful new “Connect” system is about to be unleashed on the general public zeroing in on anyone who may have failed to declare income they should be paying tax on. With the deadline of the 31st January rapidly approaching, HMRC probably already know if you’ve been selling on eBay, renting your room out with […]

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How to keep your accounts up to date for HMRC, webinar: 10/1/17

enterprise nation

Enterprise Nation is increasingly holding bitesize little webinars for SMEs as part of their ‘Online Masterclass’ series and next week they’re looking at record keeping with regards to tax. What details you need to record and where can you find help and advice? Such matters become more complex when you consider payroll and VAT. To […]

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7185 overseas online retailers have registered for UK VAT in 2016

Marketplace VAT

HMRC has reported that 7185 online sellers from overseas have registered for UK VAT under new powers granted in the 2016 British Budget. That’s a tenfold increase on the 695 who registered in 2015. With a growing number of overseas sellers on online marketplaces such as eBay and Amazon, last Christmas alone it is estimated […]

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EU to consider VAT MOSS for physical goods

HMRC letter

The European Commission is again taking at look at cross border trade and considering how to make it simpler for both consumers and for retailers. One of the issues they have identified is geo-blocking, that is the practise of refusing to sell to other EU countries. One of the top reasons for geo-blocking has nothing […]

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Amazon UK VAT Regulations: Important Updates

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Amazon have posted an update in their UK Seller Central informing sellers as to their position under the new UK VAT legislation enacted on the 12th of September 2016. Amazon say that “HMRC is tracking VAT compliance, and under UK law, Amazon is required to disclose to HM Revenue and Customs (HMRC) seller seller account […]

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HMRC now has new powers to tackle overseas sellers dodging VAT

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On Thursday the Finance Act 2016 came in to force. It’s the result of the UK Government Budget that was delivered by then Chancellor George Osborne earlier in the year and at first glance sounds inconsequential. But for marketplace sellers, businesses using eBay and Amazon in particular, there are a few measures now in force […]

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71% of SMEs think bigger firms get a better tax deal

smes ideas

A survey of small businesses has rather unsurprisingly revealed that 71% of SMEs don’t feel they get treated fairly by HMRC and that bigger firms, especially big corporate multi-nationals, get a better deal from the tax authorities. And Ed Molyneux, CEO and co-founder of Freeagent, says the EU decision ordering Apple to pay a €13 […]

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Amazon advises sellers to seek UK tax advice in Seller Central

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It’s difficult to read the text in the above graphic but it’s the latest news on Amazon.co.uk Seller Central released on 16th August. If you’re an Amazon seller, you can easily view the announcement in your selling dashboard. It’s an advisory announcement from Amazon that reads: “Information regarding your account This is a reminder that […]

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Dissolved and Dormant companies still trading on Amazon

Amazon Feat

With the spotlight that’s been put on marketplaces in general and Amazon in specific regarding sellers (in particular Chinese sellers) who are alleged to be avoiding paying VAT and other taxes due in the UK and EU, it’s not surprising that people are casting a close eye on their competitors. Today we’re breaking the news […]

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Amazon clamp down on Chinese sellers without UK VAT numbers

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Earlier this year, in the UK budget, Chancellor George Osborne promised that HMRC would have the powers to go after overseas sellers who were not complying with VAT regulations. The problem of overseas sellers, often from China, not playing fair on VAT will be well known to most marketplace sellers. But it seems that Amazon […]

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