NEWS

The Finance Act 2009, Sections 101 and 102 (Social Security Contributions, Intermediaries) (Appointed Day) Order, SI 2021/445 appoints 6 April 2021 as the date on which late payment interest and repayment interest are payable in relation to payments...

HMRC has updated its guidance Check if you can claim for your employees' wages through the Coronavirus Job Retention Scheme to include dates for employer claims for periods starting on or after 1 May 2021. The revised guidance also covers employees...

HMRC has updated its policy paper Penalties for late submission on the proposed new points-based penalty regime which is being introduced for VAT and income tax between April 2022 and April 2024, to explain how the penalty points will work...

The European Commission has produced guidance on its VAT One-stop Shop (OSS) schemes that will be effective from 1 July 2021. The guidance includes a new section Guide to the VAT One Stop Shop providing details on registration, VAT...

HMRC has published new guidance VAT and overseas goods sent to the UK and returned to the seller covering how sellers of goods sent from outside the UK to customers in the UK should deal with UK VAT where the goods are returned....

HMRC has written to VAT-registered businesses in Great Britain trading with the EU, highlighting the new customs and VAT rules and actions to take for importing goods from, or exporting goods to, the EU.The letter explains what businesses need to do...

The Office of the US Trade Representative (USTR) has published details of proposed action in its investigation into the UKs digital services tax. In January 2021, the investigation determined that the digital services tax was...

The OECD has published the arbitration profiles of 30 countries which have adopted the mandatory, binding arbitration measures in Part VI of the BEPS Multilateral instrument. Part VI of the MLI allows jurisdictions choosing to apply it...

Greece and Hungary have deposited their instruments of ratification with the OECD for the BEPS Multilateral Instrument. The MLI will enter into force for both countries on 1 July 2021. 65 countries have now ratified, accepted or approved the MLI.The...

The Money Laundering and Terrorist Financing (Amendment) (High-Risk Countries) Regulations, SI 2021/392 amend the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations, SI 2017/692 to replace references to...