new regulations - importing parts from US to UK?

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simonm
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Re: new regulations - importing parts from US to UK?

Post by simonm »

hmmm - i did see a version of this story - I also thought it only applied to the EU, but it's the whole feckin world!

https://www.bbc.co.uk/news/business-55530721

...Campaigner Richard Allen, founder of Retailers Against VAT Abuse Schemes, told the BBC that the massive increase in international online shopping had led to VAT evasion on a huge scale.

He said the new HMRC rules were aimed at tackling that, but it was unclear how firms who failed to register for UK VAT would be dealt with.

"Why should a phonograph spares manufacturer in Idaho bother to register for VAT in the UK and how are you going to make them do it?" he said.


it's a mess, but then i/you/we knew that. Arses.
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resynthesis
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Re: new regulations - importing parts from US to UK?

Post by resynthesis »

I know somebody at HMRC pretty well and he had as much warning about details of the new schemes as the public did! The whole thing is a mess and because so many resources are being diverted to schemes like this (and furlough fraud) fewer people can get on with their normal jobs. I can see the end of the tax year being fun...
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