Plastic Packaging Tax Looming!
From April 2022, the UK government are introducing the Plastic Packaging Tax (PPT). The tax will affect many of us, as it will affect plastic manufacturers, anyone involved in supply chains, as well as consumers and sellers. The hope is that the tax will encourage the...
Businesses Very Concerned About Making Tax Digital
If you are a business owner, you will undoubtedly be aware of the Making Tax Digital (MTD) initiative that has been launched by the UK government. The aim of this scheme was to make all VAT reporting digitalized by the end of 2020. Of course, businesses were happy to...
New Amazon VAT Service Update Alert!
Amazon have updated their VAT service for 2022. Previously, sellers could sign up for the service and not be charged for the first 6 months. However, sellers who sign up for the service from the 1st of January 2022 will now have to pay fees from the first month of...
Panic As EU VAT Gap Widens After Pandemic
Before the pandemic, the EU VAT gap was beginning to shrink as member states improved their collection processes. New reporting techniques such as e-invoicing meant that member states were on the right track to reducing the tax gap. However, the pandemic saw...
