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HMRC tackles online VAT fraud to level playing field for retailers – 19.03.2018

New laws enforcing online sellers to pay full tax come into effect

Online marketplaces are now accountable for tax fraud committed by online sellers on their platforms, as new HMRC powers come into effect this week. If sellers based in the UK or overseas are not paying the correct VAT when selling in the UK, and are not removed from the site following the issue of a notice by HMRC to the marketplace, then HMRC has the power to pursue the marketplaces themselves.

Read more here. 

*The UK was one of the first countries in the world to introduce tough powers to tackle VAT evasion by overseas sellers in September 2016, and these new rules go further to strengthen and develop HMRC’s operational response to online VAT fraud.*

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British adults concerned about sharing data

 Brits are concerned about sharing their personal information online and are more comfortable sharing data with organisations they know and trust, according to new research from UK non-profit Open Data Institute (ODI).

 33% of respondents said they would feel more comfortable if an organisation explained exactly how it intended to use or share their data. 64% of respondents would share their personal information with a brand or organisation they know, while only 36% would offer such details to one they didn’t.

Read more here. 

 *These new stats show that familiarity breeds trust, and transparency and ease of access to information empowers consumers.*

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 Wing It is a Facebook Messenger bot meant to get you out of the house 

Wing It is a Facebook Messenger bot that tries to get you out of your rut. You punch in your criteria, and it’ll pop up every once in a while when it finds trips that fit the bill, recommending accommodations and activities in the area.

 While early iterations of the bot tried to offer up trips involving last minute flights, they’ve since learned to focus on things within driving distance.

Read more here.

*The underlying concept of a trip planning search engine is by no means new, but there’s something nice about the way it all fits together here. Too many weekend trips die in the planning phases — that moment when you dive into Airbnb and drown under a million options and decide to do it later. Wing It boils it all down to a handful of choices based on what it already knows you’re looking for.*

 

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