HMRC has published an overview of its new powers, introduced by Finance Act 2016 ss 123 and 124, to require overseas businesses trading through online marketplaces to register for VAT in the UK, appoint a UK representative, or provide security. HMRC will be able to hold the marketplace jointly and severally liable for any VAT owed as a result of a trader failing to meet its obligations. See http://bit.ly/2d5vcOt.
HMRC has published an overview of its new powers, introduced by Finance Act 2016 ss 123 and 124, to require overseas businesses trading through online marketplaces to register for VAT in the UK, appoint a UK representative, or provide security. HMRC will be able to hold the marketplace jointly and severally liable for any VAT owed as a result of a trader failing to meet its obligations. See http://bit.ly/2d5vcOt.
