HMRC has confirmed that the existing income tax and National Insurance contributions exemptions for coronavirus antigen tests have been extended to 5 April 2022. As a result, the...
HMRC has published guidance on eligibility to claim the fifth self-employment income support scheme grant.The department will contact eligible individuals in mid-July giving them a...
A VAT zero rate will apply to trades in UK emissions trading scheme allowances within the VAT Terminal Markets Order SI 1973/173, said financial secretary to the Treasury Jesse...
Legislation dayThe government has announced that it will publish draft clauses for the next Finance Bill for consultation on Tuesday 20 July.Business complianceHMRC has updated its...
Data reported to HMRC by third parties must be visible to taxpayers and their agents through the single customer account, and used to update tax codes and support the completion of...
The government agrees with some of the recommendations made by the House of Commons Public Accounts Committee in its report Environmental tax measures. In its latest minutes, the...
Overseas businesses that incurred VAT in the UK for the period 1 July 2019 to 30 June 2020 now have until 31 December 2021 to submit their application for a refund together with...
Businesses that sell low value goods in consignments not exceeding £135 into Northern Ireland and are registered for the VAT import one stop shop (IOSS) in the EU, must tell...
Businesses that sell goods from Northern Ireland to consumers in the EU and go above the distance selling threshold (£8,818 or €10,000) will need to pay VAT on these...
VAT HMRC has updated VAT Notice 700/46: Agricultural flat rate scheme, to include updates on leaving the scheme (sections 7.2 and 7.3).Distance sellingThe Finance Act 2021,...
Total tax receipts for April 2021 to May 2021 were £106.8bn, which is £45.4bn higher than in the same period for 2020, according to HMRC's latest statistics. However,...
New VAT rules on cross-border business-to-consumer (B2C) e-commerce activities apply from 1 July 2021. The rationale for these changes is to overcome the barriers to cross-border...