The following statutory instruments have been issued:
Did partnerships form a single undertaking?
The International Civil Aviation Organization (ICAO) has reached agreement on a new scheme, the global market-based measure (GMBM), under which airlines will offset their C02 emissions through the purchase of ‘emission units’ generated by carbon reduction projects in other sectors, beginning in 2
The Aggregates Levy (Registration and Miscellaneous Provisions) (Amendment) Regulations, SI 2016/967, revoke SI 2015/1487 and make similar provision from 1 November 2016, with improved drafting, for exemptions from the requirement for businesses to register for the aggregates levy where they only
HMRC is consulting on proposals for a new penalty based on the established principle that businesses are denied the right to reclaim input tax when they know, or should have known, that their transactions are connected with VAT fraud. This is often referred to as the ‘knowledge principle’.
From 1 October 2016, supplies of repair services carried out as the result of an insurance claim made to an insurer located outside the EU will be treated as taking place where they are effectively used and enjoyed, rather than where the provider of the insurance cover is based.
Etienne Wong (Old Square Tax Chamber) considers whether the Longridge judgment on ‘relevant charitable purpose’ is the final word on what ‘business’ means for VAT.
HMRC has updated Revenue and Customs Brief 17/2015 to reflect the extension for a further 12 months, until 31 December 2017, of the transitional period during which a pension fund and employer may continue to apply a 70/30 asset management/administration costs split in relation to VAT recovery fo