NEWS

The Social Security Contributions (Disregarded Payments) (Coronavirus) (England) Regulations, SI 2020/1065, provide that test and trace support payments made to certain individuals required to self-isolate due to coronavirus will be exempt from...

Following a review, HMRC has confirmed that its policy on the deduction of import VAT paid by a taxable person who is not the owner of the relevant goods (as set out in Revenue Customs Brief 2/2019) is correct. Brief 2/2019 restated the...

The European Commission has published new Explanatory Notes on the VAT e-commerce rules. The detailed notes, which run to 99 pages, include practical examples on how to apply the rules for suppliers and operators of online marketplaces and platforms....

HMRC has updated its guidance Changes to VAT treatment of overseas goods sold to customers from 1 January 2021 to cover further requirements for online marketplaces (OMPs) or direct sellers from 1 January 2021. The changes include:a requirement to...

The European Commission is consulting on a proposal to give its VAT Committee implementing powers in relation to VAT. This would mean rather than only having the power to agree and issue non-binding guidance, the Committee would (acting by qualified...

HMRC has confirmed that its profit diversion compliance facility (PDCF) is open and available to all multinationals (MNEs), having been paused in the earlier stages of the coronavirus pandemic. Launched in January 2019, the PDCF gives MNEs using...

The European Commission has announced that it is consulting with sent member states on a draft proposal on prolonging and adjusting the scope of the temporary framework for state aid measures, which was adopted on 19 March 2020 to support the economy...

The European Council has decided to add Anguilla and Barbados to the EU list of non-cooperative jurisdictions for tax purposes. Cayman Islands and Oman have been removed from the list. The Council notes that Cayman Islands was removed from the list...

Botswana, Eswatini (formerly Swaziland), Jordan and Namibia have signed the multilateral convention on mutual administrative assistance in tax matters, bringing the total number of jurisdictions that participate in the convention to 141.Jordan has...

Data from The Adjudicators Office, obtained by accountancy firm Price Bailey, shows that complaints against HMRC wholly or partially upheld increased to 44% in 2019/20, up from 35% the previous year. Jay Sanghrajka, tax partner at Price...