Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Finance Bill: fifth and sixth sittings

14 November 2017 / Allison Plager
Issue: 4624 / Categories: Comment & Analysis
istock_58209840_large_fmt_9

Fifth and sixth sittings

KEY POINTS

  • Fulfilment businesses overseas working for UK traders will have to register with HMRC.
  • Making Tax Digital confirmed for VAT-registered businesses from April 2019.
  • Enablers of defeated avoidance schemes may be named depending on seriousness.
  • HMRC will be able to gather data held by money service businesses on their customers’ identities and transactions.

Measures that will disrupt and deter abuse by some overseas businesses selling goods online to UK customers were discussed by the Public Bill Committee at the start of the fifth sitting. In particular clauses 48 to 59 and Sch 13 implement the fulfilment house due diligence scheme. This will require that from 1 April 2018 fulfilment businesses in the UK that store and distribute goods for traders based outside the EU must register with HMRC keep specified...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon