HMRC has written to businesses across the UK that hold a current UK-issued binding tariff information (BTI) ruling, explaining how to apply for a new ruling, or renew an expired BTI, if the UK leaves the EU without a deal.
The following three sets of regulations have been added to the government’s collection of secondary legislation made in preparation for the UK leaving the EU without a deal:
HMRC has widened its making tax digital for VAT pilot, announcing in January that members of VAT groups, newly-registered businesses and those who submit monthly returns or trade with the EU are no longer excluded from entering the pilot.
HMRC has issued 4,600 joint and several liability notices to online marketplaces since September 2016 when legislation came into effect requiring action against overseas sellers who fail to comply with their VAT obligations.
HMRC is to reconsider rejected VAT refund claims for 2016/17 under the overseas refund scheme, where the claim was processed after 23 May 2018 and the reason given for rejection was an invalid certificate of status (COS).
The government has laid the Value Added Tax (Postal Packets and Amendment) (EU Exit) Regulations, SI 2018/1376, which make overseas suppliers liable for import VAT on postal packets sent to the UK containing goods with a value of £135 or less.
From 1 March 2019, HMRC will treat VAT as due on all payments for goods and services which customers pay for, but do not collect or use.
The European Commission has put forward legislative proposals for quarterly information-sharing obligations on payment service providers, such as credit card companies and other payment intermediaries, as part of anti-fraud measures to support the EU VAT e-commerce directive.
HMRC is consulting until 11 February on a draft amending order which inserts a description of the new category of tobacco product, ‘tobacco for heating’, into the principal regulations.
The Value Added Tax (Input Tax) (Specified Supplies) (Amendment) Order, SI 2018/1328, will come into force on 1 March 2019 to block avoidance arrangements used by insurers to reclaim VAT on services routed through offshore entities, which are then ‘looped’ back as supplies made to consumers in th
