Officials are preparing for an uptick in VAT compliance problems as the UK leaves the European Union. Online platforms like Amazon Marketplace and eBay are already under pressure to make sellers pay their share of tax, but the authorities are struggling to cope as the scale of non-compliance grows.
Ruth Corkin of tax advisers Hillier Hopkins LLP warned that “Businesses will be facing a tax headache in the event of a no-deal Brexit, as the UK becomes a third country for VAT purposes, and busines...
This story is part of New Europe's Premium content.
|To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑|