In brief

VAT

The EU Economic and Financial Affairs Council has agreed a directive amendment to make permanent the minimum standard VAT rate of 15% across the bloc.

EMI

The Enterprise Management Incentives Exemptions and Reliefs (Amendment of Tax Advantages in FA 2016  Sch 24) Regulations SI 2018/737 amend Sch 24 by adding the enterprise management incentives scheme to the tax advantages constituting the grant of state aid. They come into force on 11 July. See here.

Help-to-save

HMRC has updated the help-to-save scheme guide to confirm that payments of universal credit do not form part of household income for the purposes of assessing eligibility for it. See here.

Money laundering

The fifth money laundering directive will come into force on 9 July. It introduces broader access to information on beneficial ownership of companies and trusts and tighter...