NEWS

The House of Commons Library has published a new briefing paper Personal service companies IR35 tracking the history of IR35 from original publication of the now famous press release in 1999, through the various television presenter tribunal...

VAT refunds under the overseas refund scheme which HMRC would normally pay by 30 June are subject to delay. Revenue Customs Brief 9/2020 informs businesses not established in the UK that claims submitted before 31 December 2019 for the...

From 1 January 2021, authorised parcel operators will be able to continue making a single customs declaration for multiple consignments of low-value parcels imported into Great Britain, according to new HMRC guidance. The simplified process will not...

HMRC has published new guidance Pay less customs duty and VAT if you are importing capital goods on claiming relief from customs duty and import VAT when transferring a business to the UK. Subject to certain conditions, relief is available on the...

HMRC has updated its guidance Deferral of VAT payments due to coronavirus (Covid-19) to note that the temporary VAT deferral period ends on 30 June 2020. The guidance advises businesses to set up direct debits in enough time for HMRC to take payment,...

The VAT e-commerce package (new one-stop shop for distance sales of goods between EU member states) is to be delayed to 1 July 2021 (from 1 January 2021 as originally proposed). The abolition of low-value consignment relief will also be...

The European Parliament has formed a new permanent sub-committee on tax matters responsible for tax-related matters, and particularly the fight against tax fraud, tax evasion and tax avoidance, as well as financial transparency for taxation...

Edwin Coe LLP has filed a claim against HSBC, on behalf 371 investors, for the losses caused by its role in the conception, development, and marketing of a series of Disney film financing schemes known as the Eclipse Partnerships. The Claimants...

The Report Stage version of the Finance Bill was published on 19 June. The reprinted Bill incorporates the amendments made during the Public Bill Committee (PBC) stage, and will form the basis of further consideration in the House of Commons at...

In the year to 31 March 2020, HMRC conducted 337,000 enquiries, with the highest number taking place in quarter one of 2020, according to tax investigation insurance specialists Professional Fee Protection (PfP). Kevin Igoe, Managing Director at PfP,...