NEWS

HMRC has added a new section ‘what not to include in your OSS VAT Return’ to its guidance Completing a one stop shop VAT return, to explain that businesses must not include any distance sales of goods that are zero-rated or exempt from VAT in the OSS...

HMRC has updated its guidance on sales of second-hand cars in Northern Ireland, to cover the new second-hand motor vehicle export refund scheme that the UK government intends to introduce in October 2022. The scheme will replace the VAT margin scheme...

VAT Notice 701/57 has been updated at section 6.6 to cover the Court of Appeal decision in First Alternative Staffing Ltd and another [2022] STC 482 that the nursing agencies’ concession, which allows employment agencies to exempt supplies of medical...

Spring Statement 2022 announced a time-limited zero rate of VAT for the installation of certain energy-saving materials (ESMs). The Value Added Tax (Installation of Energy-Saving Materials) Order, SI 2022/361, introduces the zero rate, meaning that...

The National Minimum Wage (Amendment) Regulations, SI 2022/382, increase the National Living Wage (the national minimum wage for workers aged 23 and over) from £8.91 to £9.50 per hour with effect from 1 April 2022. The minimum hourly rates for...

As part of the UK government’s response to the pandemic, individuals who were unable to work for coronavirus-related reasons (e.g. when required to self-isolate) were eligible to receive statutory sick pay (SSP), and the usual ‘waiting days’ before...

The Income Tax (Construction Industry Scheme) (Amendment) (Northern Ireland) Regulations, SI 2022/385 update a reference in the principal Construction Industry Scheme Regulations (SI 2005/2045) to ensure that amounts of tax withheld from payments to...

HMRC’s Employment-related Securities Bulletin 41 highlights the end of the following coronavirus-related relaxations:Covid-19 easement for Save As You Earn (SAYE): which allowed participants in SAYE schemes to pause their contributions without...

From 6 May 2022, HMRC will only accept postal claims using the revised P87 form for income tax relief on employment expenses and will reject claims that are made on substitute claims forms. Currently, substitute claim forms are widely used by...

In a joint response to the Welsh government’s consultation on proposals to vary rates of land transaction tax in Wales at a local level, to address the impact of second homes and short-term holiday lets on the affordability and availability of...