The EU has applied additional tariffs to a range of US goods with effect from 22 June, in response to the imposition by the US of increased tariffs on certain steel and aluminium products.
HMRC has published Revenue and Customs Brief 4/2018, announcing extension of the time limit for refund claims by public bodies in respect of VAT costs associated with their statutory obligations from three to four years, with effect from 1 July 2018.
On 22 June 2018, the ECOFIN council agreed a compromise text on proposals for increased exchange of information and cooperation between national tax authorities and law enforcement bodies, first introduced by the Commission in November 2017.
The ECOFIN council has agreed a VAT directive amendment to make permanent the current minimum standard VAT rate of 15% across the EU. The directive was adopted at the council meeting on 22 June.
Etienne Wong (Old Square Tax Chambers) examines how Wakefield College has supplanted Longridge as the final word on what ‘business’ means for VAT.
VAT on affiliation fees
Date and place of supply of telecoms services
Are payment service providers going to become VAT collectors? Paul Anning and Alistair Godwin (Osborne Clarke) examine HMRC’s proposals.
HMRC is consulting until 20 July on a first draft of a Treasury order introducing a VAT reverse charge for supplies of construction services to businesses from October 2019.