NEWS

HMRC has updated its guidance Pay VAT deferred due to coronavirus (COVID-19) to add a new section on correcting errors on VAT returns relating to the VAT payments deferral scheme, including how to defer any extra payments resulting from error...

HMRC has updated its guidance Prepare for changes to the off-payroll working rules (IR35) for clients to publicise further steps businesses may need to take to prepare for the changes coming into effect on 6 April 2021....

HMRC has issued a UK Transition Special Edition of its Employer Bulletin, bringing together previously published guidance for businesses on:new customs and tax rules for trading with the EU from 1 January;changes for business travellers carrying or...

The UK government has published a Q&A clarifying a number of issues in relation to freeports including:additional details on eligibility requirements for tax incentives, including confirmation that full details of the requirements will be published...

HMRC has published the following new or updated guidance:Customs Declaration Completion Requirements for Great Britain: covering indirect export procedures for NI/EU/rest of world, form INF3 for goods temporarily exported before 31 December 2020...

The Customs Tariff (Establishment and Suspension of Import Duty) (EU Exit) (Amendment) Regulations, SI 2021/63, make changes to the definition of ‘tariff of the United Kingdom’ in the Customs Tariff (Establishment) (EU Exit) Regulations, SI...

Gibraltar is to limit the scope of reporting under DAC 6, in line with the UK’s recent decision to align reporting requirements with the OECD standards. Reporting in Gibraltar will be limited to cross-border arrangements falling within category D...

The OECD has updated its guidance on tax treaties following the impact of the coronavirus (COVID-19) pandemic. The OECD has highlighted that due to the ongoing public health emergency, ‘unprecedented measures’ were imposed by governments including...

The Platform for Collaboration on Tax (PCT), a joint initiative of the OECD, IMF, UN and World Bank, has published a new toolkit to help countries implement effective transfer pricing documentation requirements. The new toolkit will serve as a...

Following debate in the European Parliament, MEPs have adopted a resolution calling for changes to be made to the system used to draw up the EU list of non-cooperative tax jurisdictions. The changes proposed by the MEPs include automatic inclusion on...