NEWS

HMRC has published revised advisory fuel rates for company cars which apply from 1 December 2021 and reflect the increasing cost of fuel over the previous quarter. The rates are used where employers either reimburse employees for business travel in...

A detailed guide to the announcements.

New research suggests that job vacancies for tax professionals have nearly doubled compared to the position 12 months ago, with over 2,800 vacancies for tax specialists as at October 2021 – a 98% year-on-year increase.The data, gathered by Morgan...

Estonia, the Netherlands, Qatar and Belgium have deposited new notifications under the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (Multilateral Convention or MLI) as follows:Estonia...

The Global Forum on Transparency and Exchange of Information for Tax Purposes has published new peer review reports on transparency and exchange of information on request (EOIR) for Kenya, Côte d’Ivoire, Moldova and Tanzania, with key findings as...

The OECD has released its latest Mutual agreement procedure (MAP) statistics covering 118 jurisdictions and most MAP cases worldwide. The 2020 MAP statistics and the 2020 MAP awards were presented during OECD Tax certainty day 2021.MAP statistics...

India and the United States have agreed a transitional approach to the implementation of pillar 1 and the phasing out of the 2% equalisation levy in India. The agreement is based on the terms agreed between the US and Austria, France, Italy, Spain...

HMRC has published further new and updated guidance for imports, exports and customs to reflect the post-transition period regime: The Excise Duties (Removal of Alcoholic Liquor to Northern Ireland and Miscellaneous Amendments) Regulations, SI...

HMRC has added new sections on creating invoices and charging VAT to its guidance on registering for plastic packaging tax (PPT).Creating invoices: Businesses responsible for accounting for the tax are encouraged to make the PPT they have paid...

HMRC has published new guidance for businesses which need to notify a change to their registration for the VAT import one stop shop (IOSS) in an EU country. Businesses can use HMRC’s online service to notify the following to HMRC:deregistration from...