Tel: 01736 795753
This email address is being protected from spambots. You need JavaScript enabled to view it.

Overseas online VAT abuse

Source: HM Revenue & Customs | | 03/04/2018

The new Fulfilment House Due Diligence Scheme (FHDDS) opened for online applications on 1 April 2018. The FHDDS is part of a package of measure to combat the abuse of VAT rules by online traders based outside the European Union.

Fulfilment houses that store any goods imported from outside the EU on behalf of others, need to apply for approval from HMRC. These businesses will be required to perform proper due diligence on the goods they fulfil and their overseas clients under the umbrella of the FHDDS.

Businesses that only store or fulfil goods that they own, or only store or fulfil goods that are not imported from outside the EU, are not required to register for the FHDDS. The deadline for applications from existing fulfilment businesses falling within the scope of the scheme is 30 June 2018. Businesses that start trading on or after 1 April to 30 June 2018, will need to apply on or before 30 September 2018. There are penalties for late applications.

Planning note

Businesses that meet the FHDDS criteria will not be allowed to trade as a fulfilment business from 1 April 2019, unless they are approved by HMRC and risk a £10,000 penalty and a criminal conviction if they do so.



Search Archive


Latest News

Data protection in the event of a no deal Brexit
23/09/2018 - More...
The government has published the second tranche in its series of technical notices providing

Budget date remains to be confirmed
17/09/2018 - More...
The Chancellor Philip Hammond, has stated before the House of Lords Economic Affairs Committee, that

Help-to-Save scheme launched
17/09/2018 - More...
The new Help to Save scheme for people on low incomes was officially opened with effect from 12

Search

Our Address

Greenwood Wilson
The Old School
The Stennack
St Ives
Cornwall
TR26 1QU

Contact Us

tel: 01736 795753
fax: 01736 798642
This email address is being protected from spambots. You need JavaScript enabled to view it.

Newsletter

With our newsletter, you automatically receive our latest news by e-mail and get access to the archive including advanced search options!

» Sign up for the Newsletter
» Login