Request for Information VAT Split Payments

HM Revenue & Customs (HMRC) invites suppliers, including those from the financial industry and FinTechs, to share information on the possibility of extracting VAT from payments (Split Payment), to address VAT non-compliance by non-UK based goods and service sellers. This is a first use case for Split Payment, and a successful Proof of Concept demonstration has the potential to unlock the path toward its use for digitally automated tax modernisation. Automation that might stem from future enhanced client services by...