HMRC has published an updated version of Notice 700/1: Who should register for VAT.
Information about non-established taxable persons (NETPs) has been updated to include guidance on when they need to apply for VAT.
Other updates include:
- a definition of what a UK establishment is
- when and how NETPs registers for VAT
- how NETPs who are overseas sellers register for VAT
- what happens when NETPs do not comply with VAT requirements
- guidance for when NETPs can register voluntarily has been removed
- guidance for Making Tax Digital (MTD) for VAT Returns
- penalties for late notification to HMRC
- new European threshold for distance selling into an EU Member State