UKWA wants your opinion on planned HMRC register
29 April 2016
HMRC is consulting on its idea to create a fulfilment house register to help recover lost tax revenues from online retail sales.
The taxman hopes to create a register for fulfilment houses that store and distribute goods on behalf of online retailers.
The register is designed to tackle non-EU online traders that do not pay the correct VAT and duty on goods held in UK warehouses and sold to UK consumers via websites – activity that is said to be costing £1.5bn in lost VAT revenue each year.
UKWA is asking its members and other companies who might be affected by the introduction of the register, to visit its website where they can download HMRC Fulfilment House Due Diligence Scheme Consultation Document and pass on any comments or concerns regarding the impact of the scheme on their business.
The consultation period ends on June 30, so interested parties are asked to submit their comments by June 1.
UKWA, along with other stakeholder interest groups, will then present the industry’s position to HMRC.
Peter Ward, CEO of UKWA, said: “UKWA and its members welcome any measures that help the Government clamp down on fraudulent activity that is depriving Her Majesty’s Revenue & Customs of considerable revenue.
“As the leading trade association for the UK logistics industry, we are glad to have the opportunity to consult with the Government on this very significant issue. Industry feedback is essential and we would ask any company that is, or has been, involved with the fulfillment of online orders, to take the time to send us their thoughts so that UKWA can put the industry’s concerns to the Treasury.
“We plan to collate the feedback we receive and present a thorough and wide ranging response to the Treasury to ensure that the logistics industry is not penalised by the Government’s plans for a fulfillment house register.”