HMRC will open the new customs declaration service (CDS) with limited functionality to a group of importers in August 2018, before the roll-out to all importers in November. The release to exporters will be announced later.
Salary sacrifice scheme not a supply
The European Commission VAT Committee has published its latest list of guidelines, updated to 2 July 2018.
Letting of property by a holding company to a subsidiary
The National Audit Office (NAO) is encouraged by HMRC’s progress, since it last reported in July 2017, on contingency plans for handling customs declarations in the event that the new customs declaration service (CDS) is not fully in place by January 2019 as planned.
HMRC has updated the list of signatories to the new cooperation agreement under which online marketplaces will exchange certain information about their sellers in the interests of promoting VAT compliance. The current signatories are:
The UK has become the 40th country to ratify the World Health Organisation’s ‘Protocol to eliminate illicit trade in tobacco products’, part of its ‘Framework convention on tobacco control’.