The European Commission has released statistics for the EU VAT mini one stop shop (MOSS) covering the period 2015 – when it was introduced – to 2018. Overall, the VAT...
HMRC has published Revenue and Customs Business Brief 9/2019 to correct an error in VAT Notice 709/5: Tour operators margin scheme (TOMS) which was amended after changes to the...
HMRC has announced new fuel rates for company cars. They apply to all journeys on or after 1 September 2019, until further notice.For one month from the date of change, employers...
Making Tax Digital for VAT came into force in April but a recent poll of tax professionals’ attitudes towards the new regime shows that 32% of mandated companies are still...
Loan charge reviewThe chancellor of the Exchequer has confirmed that a review of the loan charge is to take place. For more information, see ‘Changing landscape’ by Jon...
The introduction of the domestic reverse charge for construction services has been delayed for 12 months until 1 October 2020.HMRC has made the change after industry...
The government has allocated an extra £16m funding for businesses to train staff in making customs declarations, and to help entities that support others to trade goods to...
The VAT gap decreased by €7.9bn to €137.5bn in 2017, representing a drop to 11.2% of total VAT revenues, compared with 12.2% the year before when the gap was...
HMRC has written to about 1,500 contractors who are or have been working for GlaxoSmithKline through a personal service company (PSC). The letter states: ‘It is our view that...
ADITThe Chartered Institute of Taxation announced that 624 candidates passed at least one advanced diploma in the international taxation (ADIT) exam in June 2019. More than 200...
In 2017-18 HMRC imposed fines totalling £413,437 on multinational businesses for transfer pricing irregularities, according to figures obtained by LCN Legal, specialists in...