Why is it that, when it comes to finance functions, the pace of technology adoption is markedly slower?
New rules on VAT in the European Union have yet to filter down to small businesses with almost two thirds not aware that any changes are even taking place.
HMRC has changed policy on the virtual currency, and will no longer impose the 20 per cent tax on trading or the creation (mining) of Bitcoins.
The Jersey-based firm will now operate purely as a marketplace after the end of a VAT loophole hit the firm's direct retail operations.
Amazon compels UK publishers to pay a VAT charge of 20%, even though its Luxembourg-based arm is only required to pay 3% VAT.