NEWS

HMRC has updated its guidance Check when you can account for import VAT on your VAT return, to cover imports of goods that will be used solely for a non-business purpose, and where the business is a body eligible to reclaim import VAT through a VAT...

The European Commission has proposed changes to the principal VAT Directive which would exempt from VAT goods and services made available by EU bodies and agencies to member states and citizens during times of crisis. The initiative aims to maximise...

HMRC has published further new and updated guidance for imports, exports and customs to reflect the post-transition period regime:Acting as a guarantor for a person using common or union transit: new guidance for businesses which provide guarantees...

The Biden administration outlined its new position on the OECD's BEPS 2.0 project at a steering group of the Inclusive Framework on BEPS on 8 April 2021, with details of the plan being sent to 137 OECD Inclusive Framework member countries.In relation...

The OECD has published its third peer review report assessing jurisdictions’ efforts to prevent tax treaty shopping and other forms of treaty abuse under Action 6 of the BEPS project. The report on the implementation of the Action 6 minimum standard...

On 13 April 2021, MPs approved the second reading of Finance Bill 2021 allowing the Bill to proceed, and passed the UK Government’s programme motion setting out the following key stages:a Committee of the Whole House will consider various...

The OECD Secretary-General has published an updated tax report, providing an overview of the latest developments on the OECD’s international tax agenda and the work of the Global Forum on Transparency and Exchange of Information for Tax Purposes...

The government has published a summary of submissions made by various government departments to the ‘Independent Review of Administrative Law’ which considered reform of judicial review, looking at codification, non-justiciability, the grounds of...

In a joint report Building a Better Tax System, the CIOT and ICAS call on Scotland’s political parties to improve public awareness of devolved taxation in the next Scottish Parliament, as a recent poll shows that a third of Scottish taxpayers are...

HMRC Guidance How to make a voluntary disclosure to HMRC: updated for 2021.Class 1A National Insurance contributions on benefits in kind (CWG5): guidance on Class 1A NICs on benefits in kind, termination payments...