The Fulfilment Businesses Regulations, SI 2018/326, replace and revoke SI 2018/299, laid on 6 March, which contained errors. The regulations set out the detailed rules for operation of HMRC’s new fulfilment house due diligence scheme.
The European Commission has sent letters of formal notice to the UK, requesting a response within two months on two matters: VAT zero-rating for certain commodity derivatives under the UK’s Terminal Markets Order; and the UK’s refusal to pay over more than €2bn in customs duty lost through fraud.
The Greenhouse Gas Emissions Trading Scheme (Amendment) Regulations, SI 2018/306, implement three changes to the aviation EU ETS with effect from 31 March 2018, following amendments to the EU regulation.
The changes:
The Tax Collection and Management (Landfill Disposals Tax Records) (Wales) Regulations, SI 2018/276, set out the records landfill operators in Wales must keep for the purposes of landfill disposals tax with effect from 1 April 2018.
Bidding fees are not part of the consideration for auction goods
Was the sale of a building zero-rated?
The Value Added Tax (Amendment) Regulations, SI 2018/261, set out the detailed ‘making tax digital’ requirements for businesses with taxable turnover above the VAT registration threshold to keep and preserve digital records and send VAT returns using compatible software from April 2019.
Supplies of education were not exempt