The government is to amend the Landfill Tax Regulations 1996 to allow for a two-year transition period, from 1 April 2018 until 31 March 2020, during which environmental bodies can continue to use unspent contributions to the landfill communities fund (LCF) on projects located in Wales.
Lee Squires and Fiona Bantock (Hogan Lovells) report the latest VAT developments that matter.
Alex Baulf and Ksenia Skatchkova (Grant Thornton) examine the plans and how this might impact UK businesses.
Group pension funds and the exemption for insurance services
The key findings and recommendations in the OTS report on the UK’s VAT system, together with the chancellor’s responses, by Nigel Mellor (The Office of Tax Simplification).
The CIOT has given a cautious welcome to the government’s acknowledgment in the Budget of how important postponed accounting for import VAT is in providing businesses with cash flow help when importing goods from the EU.
Halifax and national tax systems
Defining first occupation
Following consultation between February and April this year, HMRC received broad support for moving to a single registration process for alcohol duties and confirmed its intention ‘to pursue harmonisation across all alcohol regimes’.