The Value Added Tax (Amendment) Regulations, SI 2017/295, introduce a new flat-rate of 16.5% for those who fall within the definition of ‘limited cost trader’ from 1 April 2017.
The European Parliament committee on economic and monetary affairs has published its draft report supporting the Commission’s proposal to give all member states the option to apply similarly reduced, super-reduced, or zero rates to electronically-supplied publications, as are currently allowed fo
The Landfill Tax (Amendment) Regulations, SI 2017/332, increase from 4.2% to 5.3% the maximum credit that landfill site operators may claim against their annual landfill tax liability for contributions made in respect of the Landfill Communities Fund, with effect from 1 April 2017.
The DIY Housebuilders scheme and VAT incorrectly charged
The CIOT has published additional information it has received from HMRC on changes to the VAT flat-rate scheme. The information concerns:
The Office of Tax Simplification has published an interim report on its VAT simplification review and has issued a further call for evidence around the eight broad areas of complexity identified. The report poses a number of specific questions based on these areas:
The Council of the EU has agreed its general negotiating position for the review of the emissions trading system (EU ETS), which is one of the main tools for achieving a 40% reduction in greenhouse gas emissions by 2030.
The builder’s block