Michael Conlon QC and Julian Hickey (Temple Tax Chambers) review some important VAT decisions made this year, including BPP Holdings, Aspiro, Bookit and Airtours, and consider the implications of Brexit on the VAT landscape.
The Welsh government has published the Landfill Disposals Tax (Wales) Bill, which will introduce the devolved landfill disposals tax in Wales from April 2018. Consideration of the Bill in committee starts on 1 December.
The Office of Tax Simplification has begun conducting a simplification review into the VAT system.
The Autumn Statement announcement of an increase in the standard rate of insurance premium tax from 10% to 12% means the UK now has the sixth highest rate in Europe, behind only Germany, Greece, Italy, the Netherlands and Finland, according to the Association of British Insurers.
Lorry drivers liable for excise duty
The following statutory instruments have been issued:
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 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
HMRC has published an overview of its new powers, introduced by Finance Act 2016 ss 123 and 124, to require overseas businesses trading through online marketplaces to register for VAT in the UK, appoint a UK representative, or provide security.