Action Certificates Depositholding requiredtax

HMRC asks VAT businesses to prove UK establishment

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Online marketplaces have been liable for the output VAT from sales on their platforms by overseas traders since January 2021. HMRC believes that some non-established taxable persons (NETPs) have incorporated in the UK and provided UK address details to marketplaces to avoid these rules.   Read More Where this happens, the NETP can fail to declare … Read more

Action required by those holding certificates of tax deposit

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Certificates need to be used by 23 November 2023. The value on HMRC’s books is £89m. The deadline for using a certificate of tax deposit (CTD) to settle a tax bill is 23 November 2023.    After that date, the normal process for making a withdrawal will apply.   The current value of outstanding CTDs not yet resolved, or in … Read more

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