NEWS

The Fiscal Commission has indicated that its report on the potential to increase fiscal powers for the Northern Ireland Assembly will recommend partial devolution of income tax, together with the apprenticeship levy. The report will also recommend...

HMRC’s Stakeholder Digest (23 March 2022) highlights the more eye-catching announcements from the Spring Statement, including the NICs thresholds changes, VAT zero-rating of energy-saving materials, the fuel duty cut and prospective basic rate income...

HMRC has clarified its view that avoidance schemes which seek to treat amounts paid by employers to their employees as gains rather than income are not effective.Spotlight 59 Employee bonus schemes: growth securities ownership plan (GSOP) tax...

The Treasury has updated the table of high-risk third countries in relation to which enhanced due diligence measures apply under the principal anti-money laundering regulations (SI 2017/692). The Money Laundering and Terrorist Financing (High-Risk...

HMRC has published guidance on a range of administrative and technical issues affecting plastic packaging tax.New guidance Force of law guidance for plastic packaging tax covers various matters that HMRC is obliged to prescribe by the Plastic...

The Customs (Additional Duty) (Russia and Belarus) Regulations, SI 2022/376, increase import duty on certain goods originating in Russia and Belarus by 35%. The full list of goods subject to additional duty is set out in a separate table published by...

As announced at Spring Statement 2022, the Excise Duties (Surcharges or Rebates) (Hydrocarbon Oils etc) Order, SI 2022/365, cuts fuel duty for a period of 12 months, in response to record increases in the price of oil and the consequent increase in...

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...