NEWS

Previous EU Exit regulations which amended existing UK VAT legislation were drafted based on the changes applying to the whole of the UK. Further regulations have now been made, revisiting many of the previous changes to reflect the...

Revenue and Customs Brief 21/2020 confirms the withdrawal of airside tax-free shopping in the UK and the withdrawal of the VAT retail export scheme from Great Britain from 1 January 2021.The tax-free shopping extra statutory concession...

HMRC has published a number of new and updated notices to cover the Brexit post-transition environment. Two new VAT Notices have been issued:VAT Notice 703: goods exported from the UK from 1 January 2021; andVAT Notice 701/18: women's sanitary...

HMRC has published new guidance for sellers of overseas goods:VAT and overseas goods sold directly to customers in the UK: covering how sellers need to deal with VAT for goods from overseas that they sell directly to customers in the UK. The guidance...

HMRC has published new guidance Value Added Tax EU Exit Transitional Provisions on the VAT treatment of transactions or movements of goods spanning IP completion day (11pm UK time on 31 December 2020). The guidance covers a range of related subjects,...

The CIOT has responded to the Treasury consultation on VAT grouping. Key points include:The CIOT supports the whole establishment provisions as opposed to establishment provisions (EP). Although in principle the EP could...

A number of regulations have been made in relation to the operation of customs procedures in Northern Ireland:Customs (Northern Ireland) (EU Exit) Regulations, SI 2020/1605: giving effect to customs charging provisions inserted into the Taxation...

HMRC has issued a package of customs regulations to ensure the UKs customs and excise regimes function as intended from 1 January 2021:Customs Safety and Security Procedures (EU Exit) Regulations, SI 2020/1613: enabling HMRC, by public notice,...

HMRC has published new and updated guidance Using your general guarantee account on how to apply for and use a general guarantee account to cover any import duty and import VAT due on goods when they enter the UK....

The Land Transaction Tax (Tax Bands and Tax Rates) (Wales) (Amendment) Regulations, SI 2020/1618, introduce a 1% increase in percentage tax rates in respect of higher rate residential property transactions and a 50% uplift in the zero-rate bands for...