NEWS

HMRC has published further new and updated guidance for imports, exports and customs to reflect the post-transition period regime:Pay less import duty and VAT when re-importing goods to the UK: updated to cover claiming returned goods relief where...

The Customs (Tariff etc) (Amendment) (No. 2) Regulations, SI 2021/870 update references to various customs tariff-related documents which are given legal effect by a number of customs regulations, to give effect to the latest version of those...

HMRC is consulting (until 17 August 2021) on the proposed revocation of the Value Added Tax (Treatment of Transactions) Order, SI 1992/630. The Order provides for transactions made under salary sacrifice arrangements to be treated as neither a supply...

HMRC has updated its guidance VAT deferred due to coronavirus (covid-19) to reflect the penalty for VAT that was deferred from 2020 and not paid in full by 30 June 2021 (or where an arrangement to pay was not made by that deadline). The 5% penalty is...

Income earned in the UK in connection with the 2021 UEFA Super Cup football match, taking place in Belfast on 11 August 2021, will be exempt from income tax for qualifying individuals who are non-UK resident in the 2021/22 tax year. The Major...

The Welsh Revenue Authority (WRA) has published new guidance on land transaction tax (LTT) rates for non-residential or mixed-use property or land in Wales. As with the equivalent land transaction taxes in the other regions of the UK, the rates of...

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.Direct taxesManual Page Comments Capital Gains Manual Archived: CG35710 Archived...

As widely reported, the UK government is expected to announce an increase in NICs in order to raise funds for social care and to help address backlogs in the NHS as the UK emerges from the covid-19 pandemic.Blick Rothenberg suggests that a 1%...

The UK government published draft legislation for the next Finance Bill, together with explanatory notes and tax information and impact notes, on 20 July 2021. The Bill is expected to be introduced to Parliament in late 2021 and will eventually...

The ATT has responded to the UK government consultation on timely payment for income tax self-assessment and corporation tax for small companies, which closed on 13 July 2021. The consultation sought views on the proposal to increase the frequency...