NEWS

Recent developments in tax.

HMRC has published further new and updated guidance for imports, exports and customs to reflect the post-transition period regime:Taking commercial goods out of Great Britain in your baggage: updated to cover how to make a simple online export...

The Taxation Cross-border Trade (Northern Ireland) (EU Exit) (Amendment) Regulations, SI 2021/483 remove customs requirements, customs duty and VAT that currently apply for domestic goods returning to Great Britain after temporarily moving to...

HMRC has published new guidance Goods you do not include when valuing for import VAT setting out that, when valuing goods for import VAT purposes, businesses should not include:costs that are taxable under the reverse charge or international service...

The European Commission is extending the EU temporary waiver of customs duties and VAT on imports from non-EU countries of medical devices and protective equipment used in the fight against covid-19 until 31 December 2021. The exemption was...

HMRC has published new guidance How to claim VAT relief on goods imported for onward supply to an EU country covering how to claim relief on goods imported into Northern Ireland from outside the EU for onward supply to the EU. Where onward supply...

HMRC has updated VAT Notice 723A: Refunds of UK VAT for non-UK businesses or EU VAT for UK businesses to cover EU VAT refunds for UK businesses following the end of the Brexit transition period, and adjustments to previous UK VAT refund claims by...

HMRC has confirmed that amounts received under the various covid support schemes must be included in the calculation of income for the purposes of tax credit claims and renewals. The support schemes vary across the nations of the UK, and HMRC’s...

HMRC has published new guidance How to report self-isolation support payments on how to report Covid-19 self-isolation support payments on the self-assessment tax return.Individuals who are self-isolating due to coronavirus may be entitled to a £500...

The online service for applications for the fourth SEISS grant opened on 21 April 2021 and claims must be made for the fourth grant by 1 June.To be eligible for the fourth grant, taxpayers must be self-employed or a member of a partnership and must...

The Employment Rights Act 1996 (Coronavirus, Calculation of a Week’s Pay) (Amendment) (No 2) Regulations, SI 2021/487 amend the Employment Rights Act 1996 (Coronavirus, Calculation of a Week’s Pay) Regulations, SI 2020/814 as a result of the...

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