The EU’s VAT e-commerce package has benefited online retailers in Europe. However there are a number of important VAT issues that still need to be worked out. That’s according to preliminary results of a survey by online retailer industry body
Rishi Sunak could introduce a UK e-commerce sales tax in his forthcoming budget, according to reports. The Telegraph quotes a government source as saying that the plans are still ‘rudimentary’ but there is clear impetus towards some kind of tax
E-commerce sales have boomed recently, as we spent more of our time indoors and online. This year’s Black Friday sale is an opportunity for e-commerce sellers to capitalise on the increase in online sales. However, cross-border sales means cross-border VAT,
South Africa’s National Treasury released a memorandum on a domestic VAT reverse charge for valuable metals. Government is proposing the VAT reverse charge regulations in response to ongoing VAT fraud in the precious metal industry, notably the supply of Kruggerands
A large number of taxpayers received incorrect charges or even fines in the Netherlands recently. State Secretary for Finance Hans Vijlbrief revealed that the problem was caused by a technical error due to the high rate of VAT submissions. According
A recent report issued by the European Parliament highlights the administrative challenge and cost of VAT compliance. As the report by the European Parliamentary Research Service points out: “European Commission surveys constantly report that the current EU tax system and
Egypt’s content creators need to start paying their fair share of VAT. That’s the word from the head of the Egyptian Tax Authority, who says YouTubers and bloggers need to register for VAT if they exceed the applicable revenue threshold.
UK tax authorities are introducing a new penalty system for late VAT submissions. (The system also applies to Income Tax Self Assessment and will eventually extend to other taxes.) Under the new system, taxpayers will incur a defined number of
The South African Revenue Service (SARS) is establishing a special unit to review digital services VAT compliance. Using information derived from South Africa’s central bank and local businesses, SARS plans to more effectively detect and, potentially, penalise foreign suppliers of
The UK government has issued guidance on submitting VAT returns and payments when using the new One Stop Shop (OSS) to manage your VAT. The OSS simplifies VAT compliance for e-commerce sales to customers in the EU. Why is the