VAT on E-commerce HM Revenue and Customs

Name: VAT on E-commerce HM Revenue and Customs
Availability: OutOfStock
ISBN: 9780102938029

ISBN-10: 0102938024

ISBN-13: 9780102938029

Edition: 2006

Authors: Great Britain: National Audit Office

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Description:

The value of internet sales (known as e-commerce) in the UK has more than trebled between 2002 and 2004 to £18.1 billion, with a further surge around Christmas 2005, and this level is expected to rise to nearly £60 billion a year by 2010. It is estimated that in 2005-06 HM Revenue and Customs collected over £1 billion in VAT on e-commerce goods and services. HM Revenue and Customs does not separately identify the exact amount of VAT collected from e-commerce because businesses are required to calculate and pay over VAT for their entire taxable activities, which include both traditional forms of business and e-commerce. In light of these developments, this NAO report examines the…

Book details

Copyright year: 2006
Publisher: Stationery Office, The
Binding: Paperback
Pages: 23
Size: 17.32" wide x 11.81" long x 12.99" tall
Language: English