NEWS

Recent developments in tax.

The CIOT and Low Incomes Tax Reform Group (LITRG) have published a response to the Scottish government’s consultation Tax policy and the Budget – a framework for tax.Key points from the response include:The publication of a framework for tax is...

HMRC has published an updated version of its tax policy consultation spreadsheet, setting out the closing dates for a number of tax consultations....

HMRC has confirmed (via the CIOT) that, from 1 November 2021, agents with up to 7,500 clients can opt in to see employer liabilities and payments. This is the latest in a phased approach to the roll-out of the online service....

The Finance Bill 2022 was introduced to Parliament on 4 November....

In its leaders' declaration issued on 31 October 2021, the G20 approved the agreement reached during the 8 October 2021 meeting that will require multinational enterprises to begin paying a minimum 15 percent tax rate in 2023....

HMRC has published further new and updated guidance for imports, exports and customs to reflect the post-transition period regime:Using commodity codes and related additional codes in the Customs Declaration Service: new guidance on how a commodity...

The Treasury has launched a consultation on proposed changes to alcohol duty which aim to simplify the current system and reduce administration both for business and HMRC. Key proposals include:‘major simplification’ by taxing drinks in proportion to...

The outcome of the Treasury’s air passenger duty (APD) consultation has confirmed the following:As announced in Autumn Budget 2021, the UK government will introduce a new reduced domestic band from 1 April 2023 to ‘support the viability of existing...

HMRC has updated its guidance on reporting and paying VAT on distance sales of goods from Northern Ireland to cover businesses whose turnover is below the UK VAT registration threshold.UK businesses which use the one-stop shop (OSS) to manage the VAT...

HMRC has published a new VAT brief which explains how businesses can claim repayment of any overpaid import VAT paid after 1 January 2021 on imported dental prostheses, and how businesses can declare the correct VAT value for imports of dental...

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