HMRC has published VAT Information Sheet 9/2018 containing guidance and examples on changes being made from 1 January 2019 to transpose the EU vouchers directive into UK law.
Legislation for the changes to VATA 1994 is contained in Finance Bill 2019 Sch 16.
From 1 August 2019, higher education providers in England who currently qualify for VAT exemption by virtue of being higher education corporations or designated institutions will need to be registered by the Office for Students in the ‘Approved (fee cap)’ category under the Higher Education and R
The Economic and Financial Affairs Council (ECOFIN) has agreed legislation for the four ‘quick-fixes’, aimed at introducing adjustments to the EU’s VAT rules in order to fix specific issues pending introduction of a definitive EU VAT system in 2022.
The ‘quick-fixes’ involve:
Karen Killington and Reshma Soni (KPMG) examine the Upper Tribunal decision.
The government has laid two Treasury orders making changes to the rules for businesses making supplies of digital services to consumers across the EU from 1 January 2019.
The amending directive allowing EU member states to apply reduced or zero rates to electronic publications has been published in the EU official journal and comes into force on 4 December 2018.
HMRC’s latest statistics show the soft drinks industry levy has raised £153.8m since its introduction in April this year.