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UK ends private education VAT exemption; advance payments unlikely to work

20 July 2024 in

Government likely to adopt retrospective and fore-stalling legislation to prevent advance payment VAT avoidance The new UK Labour government has confirmed it will introduce legislation to remove the VAT exemption from private education fees. Legislation details are promised for the Autumn Budget (November 2024?), with

UK court overturns Uber private taxi operators VAT ruling

16 July 2024 in

UK Court of Appeal reverses VAT obligations on private care hire Uber case; uncertainties who is contract principal On 15 July 2024, the UK Court of Appeal overturned a 2023 High Court ruling (see below) that private car hire firms must collect VAT acting as

UK carbon credits subject to VAT Sept 2024

11 May 2024 in

HMRC changes scope of VAT due to changes in carbon credit market In the UK, the sale of carbon credits are outside of the scope of VAT as there was no secondary market for onward supply. The UK’s HMRC is changing this from 1 September

UK launches EU IOSS VAT portal

26 March 2024 in

EU VAT e-commerce package

HMRC opens Import One-Stop-Shop portal for e-commerce sales NI to EU The UK’s HMRC has launched 1 March 2024 its own full portal for the EU’s Import One-Stop-Shop IOSS. This enables UK or other non-EU businesses with a UK VAT number to report Northern Ireland

UK raises VAT registration threshold to £90,000

6 March 2024 in

Annual threshold for compulsory VAT registration increases to £90k from £85k The first rise in the UK VAT registration threshold in over eight years was announced today in the UK Budget. The threshold will rise to £90,000 from the current £85,000. This was set in

UK HMRC MTD for VAT benefits small taxpayers

24 February 2024 in

HMRC research demonstrates wider digitalisation benefits of Making Tax Digital for VAT initiative for micro-businesses The UK’s Making Tax Digital for VAT regime, introduced between 2019 and 2022, has demonstrated wider advantages for taxpayers according to HRMC research. The focus of the report was for

UK TOMS VAT margin scheme on mobile ride-hailing services

20 December 2023 in

Gig and sharing economies

Bolt wins right to only charge VAT only on its margin as Tour Operators Margin Scheme A UK First-tier tribunal case has ruled in favour of deliver service operator, Bolt, over HMRC. The tribunal ruled that these mobile ride-hailing services are passenger transport, commonly provided

UK concerns on EU IOSS

22 November 2023 in

UK Parliament’s European Scrutiny Committee flags ViDA and Customs IOSS reforms as friction for UK businesses; plus ongoing cost of EU fiscal representation The UK Parliament’s European Scrutiny Committee has published its concerns on the EU VAT in the Digital Age 2025 proposals to make

UK digital platform VAT obligations for 3rd party sellers 2024

20 November 2023 in

New guidance, based on OECD model, sets obligations for platform operators with regards their sellers VAT activities from 1 January 2024 HMRC has now issued guidance on the January 2024 introduction of VAT on digital platforms regarding their third-party sellers. This includes e-commerce goods; provide

UK ends reliance on ECJ VAT case law 2024

10 October 2023 in

Brexit

Following Brexit, UK’s Retained EU Law Act 2023 ends certain reliance on EU-derived rulings on VAT The UK will cut certain links to EU VAT derived legislation from 1 January 2024. This is contained within the Retained EU Law Act 2023 (‘the Act’) which, following.

Category: United Kingdom