Are you an Online Marketplace or UK representative – Check your exposure to liability for Overseas Sellers VAT
The recent HMRC guidance regarding countering VAT lost from overseas sellers of goods operating through online marketplaces is a further example of the activity being undertaken across the EU to reduce the VAT Gap – another of the threads in the EU Action Plan.
For the overseas seller, there is no VAT registration threshold so any sale in the UK would trigger the responsibility to be registered.
For an online market place – by which HMRC mean any website whether or not established in the UK or any other means of making goods available for sale through the internet – or any UK VAT representative HMRC can hold you “jointly and severally liable” for any missed VAT that arises.
Please follow the link HERE to see HMRC’s latest guidance on this issue or alternatively call us on 01633 415390.