Compliancy is the practice of adhering to rules and regulations and making sure that these are met to a high standard. When it comes to VAT, it is highly important to follow VAT rules and regulations and stay compliant with them, or you could be fined or even face imprisonment. The rules of VAT vary …
Tag Archives: fraud
What is the Fulfilment House Due Diligence Scheme (FHDDS), and how does it affect me?
The Fulfilment House Due Diligence Scheme was introduced on 1 April 2018 by the UK Government in order to prevent sellers from outside the EU committing fraud when storing their goods in UK warehouses. It is common for sellers based outside of the European Union to make online sales to customers in the UK, and …
PSD2 and Strong Customer Authentication (SCA) – How will they affect me?
What are PSD2 and SCA? On 14 September 2019, the Payments Service Directive 2 (PSD2) will come into effect. This is a new regulation that was passed by the EU in 2015, designed to make online payments more secure for both the merchant and the customer. The directive enables consumers and businesses to use third-party …
Continue reading “PSD2 and Strong Customer Authentication (SCA) – How will they affect me?”
J&P Accountants: Blog 