NEWS

The Financial Conduct Authority (FCA) is consulting on a proposal to introduce a requirement that investors in open-ended property funds must provide between 90 and 180 days notice before their investment can be redeemed. HMRC highlights the...

To ease the compliance requirements for businesses during the pandemic, HMRC has further extended the timeline to notify the decision to opt to tax land and buildings to 90 days from the date the decision to opt was made. This applies to decisions...

The Value Added Tax (Refund of Tax to Museums and Galleries) (Amendment) Order, SI 2020/1167 amends the Schedule to SI 2001/2879 which sets out the bodies that are entitled to claim a refund of VAT under VATA 1994 s 33A on goods and services used in...

HMRC has published Revenue Customs Brief 17/2020 which clarifies HMRCs policy in relation to the VAT treatment of ultrasound scanning services for pregnant women following the First-tier Tribunal (FTT) decision in Window to the Womb...

HMRC has updated its guidance Pay no import duty and VAT on medical supplies, equipment and protective garments (covid-19) to reflect the 31 December 2020 deadline for relief to apply (previously relief was available for imports up to 31 October)....

A proposal to amend the VAT Directive (Directive 2006/112/EC) to temporarily exempt the supply of coronavirus vaccines and in vitro diagnostic medical devices (testing kits) as well as services closely linked to such vaccines and such devices from...

HMRC has updated its guidance Changes to the VAT MOSS rate for the UK and EU countries to account for the temporary 5% reduced rate for ebooks in Austria until 31 December 2020....

The Law Society is urging the UK government to act to avoid an abrupt end to the increased SDLT zero rate, which is due to revert back to the pre-July 2020 rates for transactions which complete from 1 April 2021 onwards. Although the SDLT...

HMRC has published new guidance Check if you need to tell HMRC about a cross-border arrangement on reporting cross-border arrangements (DAC 6) involving the UK and an EU member state. Taxpayers involved in a cross-border arrangement where a hallmark...

The OECD has released new methodology for the peer review of BEPS action 13 on country by country reporting. The action 13 standard is subject to peer review in order to ensure timely and accurate implementation. All members of the Inclusive...