JP Morgan Chase loses Upper Chamber VAT appeal over single v multiple intra VAT group supplies The Upper Tax Tribunal has dismissed on 16 June 2025 an appeal by JP Morgan Chase Bank NA, confirming HMRC’s position on the VAT liability of intra-group services within
UK avoids reduction in 2% Digital Services Tax to secure lower tariff quotas The UK government avoided an anticipated reduction or withdrawal of its £800 million Digital Services Tax (DST) to win a limited trade deal with Trump administration on 8 May. Instead, the two
Review of 2021 liabilities on goods sold by overseas sellers to UK consumers via marketplaces On 28 April 2025, the UK’s HMRC announced plans to review the January 2021 marketplace liabilities for import consignments not exceeding £135. These rules made the UK facilitating marketplace liable
Draft legislation for 1 Jan 2027 UK CBAM levy on imports of carbon intensive goods The UK’s HMRC has published on 25 April 2025 draft primary legislation for consultation for the 1 January 2027 introduction of a Carbon Border Adjustment Mechanism (CBAM). The consultation will
Bolt wins appeal to use Tour Operators Margin Scheme to lower VAT charge A UK’s Upper Tribunal has 24 March 2025 rejected HMRC’s appeal to block ride sharer Bolt from using TOMS. The case centred on whether Bolt’s app-based services, where it acts as principal
HMRC can’t yet have its VAT cake and eat it Marshmallow Dispute Returned to U.K. Lower Court further review The long-running VAT dispute over Mega Marshmallows is heading back to the First-Tier Tribunal (Tax Chamber) (FTT) after the U.K. Court of Appeal ruled on March 21,
UK Ministers intervened on HMRC lan to impose VAT on UK Investment Funds The UK government is considering halting HM Revenue & Customs’ (HMRC) proposal to impose VAT on investment fund management, following strong opposition from City leaders. HMRC had sought to remove a long-standing
UK tax court rules hair loss transplants are not VAT exempt medical treatments First-Tier Tribunal rules hair transplants for androgenetic alopecia are subject to VAT at the 20% standard rate, and may not benefit from the medical treatment exemption. The Tribunal reviewed ten use cases,
UK launches 13 Feb 2025 a 12-week consultation on e-invoicing & digital reporting; Proposal by Nov 2025 A combined UK HMRC and Department for Business & Trade has launched on 13 February a public consultation on standardising or even mandating B2G and B2B e-invoicing. The
