UK Finance, through its previous entities, has a long history of working collaboratively with Her Majesty’s Revenue & Customs (HMRC) to support the development of policy and other initiatives to monitor and facilitate compliance with its tax regimes. We recognise that the rapid growth of online retailing presents a challenge to HMRC and there is growing concern that overseas sellers providing goods to consumers in the UK are not charging the appropriate VAT on those goods, resulting in a significant loss to UK taxpayers.

We wholeheartedly support the aims of HMRC to ensure the appropriate VAT is being paid on ecommerce transactions.

Please read our full response below.

Attachments
UK Finance response to HMRC on Call for Input on Alternative method of VAT collection
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