NEWS

HMRC has updated VAT Notice 707 to cover the conditions for using the personal export scheme for zero-rating the supply of a motor vehicle that is removed from the UK by the purchaser. Section 8.4 ‘The VAT410 form’ is revised to set out the...

Treasury minutes published on 28 June 2021 summarise the UK government’s responses to the Public Accounts Committee’s 55th report from session 2019–2021 on environmental tax measures.In accordance with the committee’s recommendations, the government...

HMRC has published further new and updated guidance for imports, exports and customs to reflect the post-transition period regime:Getting a customs guarantee: updated to add an explanation of ‘actual debt’ (where the debt has already arisen) and...

The OECD Global Forum on Transparency and Exchange of Information for Tax Purposes has published new peer review reports assessing the legal and regulatory framework against the international standard on transparency and exchange of information on...

The National Insurance Contributions Bill 2021 has passed Committee stage without amendment and will next be ‘reported’ back to the House of Commons. The date for report stage has not yet been announced....

Pension Schemes Newsletter 130 covering the extension of covid-related pension process changes to 31 October 2021, and deferral of loan and rent payments from connected parties by self-invested personal pensions (SIPP) and small self-administered...

Tax Journal thanks this month's authors.

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.Direct taxesManual Page Comments Business Income Manual Archived: BIM82085, BIM82095...

As the UK government looks for ways to raise additional tax, pensions tax relief could again find itself under scrutiny by the Treasury. With increases in the rates of income tax, NICs and VAT all but ruled out, and with potentially very limited room...

HMRC has updated its guidance on the coronavirus job retention scheme (CJRS) to cover the changes from 1 July 2021 and claims for furlough days in June 2021. From 1 July 2021, the UK government will pay 70% of wages up to a maximum cap of £2,187.50...