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
HMRC has approached the CIOT for its contribution to an informal consultation on VAT grouping. Following a formal consultation in 2016, HMRC is looking again at the expansion of VAT grouping following the CJEU decision in Larentia + Minerva and Marenave [2015] STC 2101.