NEWS

As reported previously in Tax Journal, the Value Added Tax (Miscellaneous Amendments and Repeals) (EU Exit) Regulations, SI 2021/714, make various amendments to existing VAT legislation to ensure it operates as intended, following a review by HMRC of...

Revenue & Customs Brief 10/2021 sets out the actions HMRC is taking to enable overseas businesses (not established in the EU) to claim UK VAT refunds, where the businesses have found difficulties acquiring certificates of status. The guidance covers...

HMRC has updated its guidance Changes to notifying an option to tax land and buildings during coronavirus (covid-19) to further extend the period during which an option to tax can be notified within 90 days of the date the decision to opt was made....

In a written ministerial statement, the UK government has announcing that legislation will be introduced to allow a VAT zero rate to apply to trades in UK emissions trading scheme allowances within the VAT Terminal Markets Order, SI 1973/173.The UK...

The OECD Secretary-General has published his report to the July 2021 meeting of G20 leaders in Italy, covering international tax developments including the following:Tax challenges arising from the digitalisation of the economy: covering the formal...

The UK and Austria have reached agreement on the extension of the period covered by the mutual agreement reached in August 2020 regarding the acceptance in Austria of certificates confirming that a person is resident in the UK in accordance with...

HMRC has published further new and updated guidance for imports, exports and customs to reflect the post-transition period regime:Managing your customs warehouse: updated to expand the section ‘Removing goods temporarily from your warehouse’ covering...

The Office of Tax Simplification (OTS) has published a policy paper setting out a vision for how government could make tax easier for people through making better use of data held by third parties, such as bank interest, and the steps that would need...

The Public Accounts Committee has published a new report assessing the risk of fraud associated with the UK government’s decision to ‘drop basic fraud and error checks in paying out Covid-19 loans, and to support people and businesses that it had no...

HMRC has published a paper Collecting tax debts as we emerge from coronavirus (covid-19) setting out its approach to collecting tax debts and supporting taxpayers as the UK emerges from the coronavirus pandemic. The briefing sets out:what HMRC will...