HMRC has published a report on research commissioned to explore businesses’ knowledge and use of VAT partial exemption, and gather information on VAT recovery.
HMRC has published the Soft Drinks Industry Levy Regulations, SI 2018/41, setting out the detailed scope of the levy being introduced from April 2018, including exemptions, registration requirements, returns and record keeping.
HMRC is consulting until 18 February on three sets of draft secondary legislation giving effect to landfill tax changes introduced in Finance Bill 2018. These changes implement a new system for determining ‘taxable disposals’ for the purposes of landfill tax with effect from 1 April 2018.
Single or multiple supply?
The Finance Act 2017, Part 2 (Appointed Day) Regulations, SI 2018/32, bring into force from 13 January 2018 the powers for HMRC and HM Treasury to make further regulations setting out detail on specific areas of the soft drinks industry levy. The levy itself will take effect from April 2018.
The VAT (Refund of Tax to the Essex Police, Fire and Crime Commissioner Fire and Rescue Authority) Order, SI 2018/16, specifies the Essex Police, Fire and Crime Commissioner Fire and Rescue Authority as a government body entitled to recover input tax under VATA 1994 s 33 on non-business supplies
The European Commission has decided not to propose revision of the structure and rates of excise duty applied to manufactured tobacco products until after its next report on the tobacco products directive (2011/64/EU), due in 2019.
Lee Squires and Fiona Bantock (Hogan Lovells) review the latest VAT developments that matter.