Chancellor’s Spring Statement cuts on green VAT and Fuel Duty as inflation hits 6.2% – 30 year high The UK Chancellor, Rishi Sunak, delivered his annual Spring Statement. This included a number of indirect tax measures: The supply with installation of domestic insulation, solar panels
Doubts over post-Brexit Northern Ireland position if UK decides to cut VAT rate on energy or petrol Questions as to the VAT position of Northern Ireland (NI) following Brexit have arisen as the UK debate on a domestic energy or petrol VAT rate cut stirs.
UK extends MTD digital record-keeping and filing obligations to 1.1 million taxpayers from 1 April 2022; builds on phase II, April 2021 The requirements around digital VAT record keeping and submissions through MTD-compatible software to HMRC are to be extended to around 1.1 million small
Uber imposes 20% VAT following High Court employment case upheld it as a contractor rather than agent Ride sharing platform, Uber, will start to impose 20% Value Added Tax from 23:55 on 14 March 2022. This follows a December 2021 UK High Court ruling on
€2.7 billion potential fine – ECJ finds UK “failed to fulfil its obligations” failing to collect proper customs duties The British government faces paying a hefty charge to the EU after the European court of justice ruled it had been negligent in allowing criminal gangs to
VAT cut may be announced prior to 7 Feb price cap rise The UK government is coming under pressure to cut the reduced VAT rate on domestic fuel from 5% to zero as inflation hits a 30-year high. Any change is likely to be announced
Voluntary VAT registered business liable to Making Tax Digital for VAT bookkeeping, digital links and API filing requirements From 1 April 2022, all VAT registered businesses are mandated to follow the UK’s requirements on digital recording and reporting Value Added Tax details. This means for
Post Brexit, how to claim reduced tariff preference on UK-EU goods movements – Rule of Origin Following the UK’s exit from the EU, Customs Duties are potential due on goods moving between the UK and EU. The UK-EU Trade and Cooperation Agreement (TCA) entitles nil
How non-VAT registered UK sellers can use OSS for Northern Ireland – EU sales The UK’s HMRC has issued updated guidance on Value Added Tax reporting of B2C sales from Northern Ireland to EU under the new One Stop-Shop single VAT return. This new guidance
The UK’s HMRC has updated its guidance on the distance selling obligations for goods being sold from Northern Ireland to consumers in the EU. This reflects the EU e-commerce VAT package of 1 July 2021, and how that works given NI’s dual status in the
