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KEY POINTS
- Joint and several liability rules for online marketplaces tightened.
- Public bodies’ entitlement to VAT recovery.
- Increased powers for HMRC’s power of entry on customs matters.
- Carbon dioxide emissions will be based on the new European driving cycle.
MPs on the Public Bill Committee continued discussing online marketplaces when they reconvened for the sixth sitting of the Finance (No 2) Bill. Clause 38 extends the scope of existing joint and several liability provisions to include UK businesses. An online marketplace operator can be held jointly and severally liable for VAT payable by any person selling goods through the platform who fails to comply with any requirement imposed by VATA.
Further if an online marketplace operator allows an unregistered non-UK business to continue to sell goods through its marketplace 60 days after it knows...
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