VAT

(asked on 4th February 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of the Association of Accounting Technicians' recommendation to make online platforms liable for the collection and remittance of VAT; and if he will make a statement.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 12th February 2020

The Government is determined to ensure that all businesses pay the tax that is due, and it is well aware of the potential for VAT losses that may arise when overseas businesses fail to comply with UK VAT rules, and the disadvantage for domestic businesses.

The Government has therefore taken action to make online marketplaces responsible for VAT losses as a result of fraud and error on their sites. HMRC have now issued over 10,800 joint and several liability notices to online marketplaces resulting in the removal of non-compliant sellers. These measures act as a strong deterrent to overseas businesses evading VAT.

The Government will continue to monitor the success of these interventions and will continue to look at alternative methods to address this issue.

Reticulating Splines