NEWS

HMRC has published new guidance Check if you can use a VAT margin scheme if you import from, or export to, countries outside the UK which explains the eligibility criteria for using margin schemes for the following:importing works of art, collectors’...

HMRC has added the following three new sections to its One Stop Shop (OSS) VAT return guidance Completing a one stop shop VAT return and Submit your one stop shop VAT return:How to correct a previous return: explains that errors on previous returns...

HMRC has published a new notice setting out further details for registrations under the VAT one-stop shop scheme (OSS). The notice has the force of law under VATA 1994 Sch 9ZD paras 5(3)(b) and 7.The notice provides that a person who makes a request...

HMRC has published a new VAT brief setting out its revised policy for VAT refunds to overseas businesses which have been unable to provide a certificate of status by the relevant deadline.In a change of policy, HMRC is to allow non-EU overseas...

The CIOT has published a list of common errors in online VAT registration applications which lead to delays. The list, produced by the Joint VAT Consultative Committee, highlights the following errors to be avoided:address not matching the business’s...

HMRC is extending the relaxations around the special tax scheme for national heritage assets (eg land and buildings and works of art of historical importance), to help ensure the scheme rules are not deemed to be broken because of difficulties caused...

The CIOT has published a note highlighting the changes in HMRC’s approach to the treatment of loans made to remittance basis users (RBUs) where assets of the borrower are held by the lender.This note applies to present or former RBUs who have...

The Statutory Sick Pay (Medical Evidence) Regulations, SI 2021/1453 amend the Statutory Sick Pay (Medical Evidence) Regulations, SI 1985/1604 to increase the number of days for which an employee is not required to provide medical evidence of sickness...

The London Capital and Finance Compensation Scheme (Chargeable Gains Exemption) Regulations, SI 2021/1385 exempt from capital gains tax compensation payments made to former customers of London Capital and Finance plc (LCF) under the LCF compensation...

The Van Benefit and Car and Van Fuel Benefit (No 2) Order, SI 2021/1422 sets the figures for calculating the cash equivalent of fuel for cars and vans and the benefit of the private use of a van for the 2022/23 tax year, as follows:car fuel benefit:...