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VAT collection using ‘split payments’ model for online sales

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HMRC is consulting until 30 June 2017 on introducing a new VAT collection mechanism for online sales, allowing VAT to be extracted directly from transactions at the point of purchase, known as ‘split payment’.

HMRC is consulting until 30 June 2017 on introducing a new VAT collection mechanism for online sales, allowing VAT to be extracted directly from transactions at the point of purchase, known as ‘split payment’.

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