The total value of corporation tax payments in arrears has hit £1.59bn this year, up from £1.52bn at the same point a year ago, despite an improving economic climate, said finance provider LDF.
From 1 January 2016, the Value Added Tax (Small Non-Commercial Consignments) Relief (Amendment) Order, SI 2015/2015, changes the definition of ‘small consignments’ in SI 1986/939 – which provides for relief from VAT for small consignments of goods imported into the UK from a place outside of the
HMRC is consulting until 3 February 2016 on draft legislation for Finance Bill 2016 which amends the application of the UK’s 5% reduced VAT rate on the installation of certain energy saving materials, to comply with a recent European Court decision.
Experts at Tolley examine highlights of the draft 2016 Finance Bill.
The VAT discrimination against temporary staff continues, writes Graham Elliott (City & Cambridge Consultancy Ltd).
Michael Conlon QC (Temple Tax Chambers) writes that a ruling of the Supreme Court may cause HMRC to re-examine whether excess parking charges are within the scope of VAT.
Julie Park (The VAT Consultancy) answers a query on how HMRC’s programme to improve large business tax compliance affects indirect taxes.
VAT on retail vouchers
Supplies of temporary staff