ICAEW

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

ICAEW comments on decarbonising UK energy production

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In its response to a consultation on the UK’s oil and gas fiscal regime, ICAEW stressed the dangers of overreliance on oil and gas to meet current and future energy demand and highlighted the opportunities that can be created from investment in low carbon technology. The consultation response highlights the fact that, while half of the … Read more

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