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Latest Value Added Tax News

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SI 2024/1144 The Value Added Tax (Refund of Tax to the Health Services Safety Investigations Body) Order 2024

This instrument enables the Health Services Safety Investigations Body (HSSIB) to recover VAT incurred in cost-sharing arrangements.

13 Nov 2024 00:00 | Published by a Tolley Value Added Tax expert

Updated HMRC guidance: Receive Income Tax or PAYE repayments on behalf of others

HMRC has updated its guidance on receiving income tax or PAYE repayments on behalf of others.

04 Nov 2024 00:00 | Published by a Tolley Corporation Tax expert

New HMRC guidance on sending VAT Returns when exempt from Making Tax Digital for VAT

HMRC has published new guidance on how to send VAT Returns when exempt from Making Tax Digital for VAT.

31 Oct 2024 00:00 | Published by a Tolley Value Added Tax expert

New HMRC guidance on applying for statutory clearance

HMRC has published new guidance on applying for statutory clearance.

31 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

Autumn Budget 2024: summary of key tax announcements

The Chancellor’s Budget on 30 October 2024 will increase employer NICs, raise the main rates of CGT, initiate reform of the tax treatment of carried interest, and confirmed the replacement of the remittance basis regime and removal of the VAT exemption for private school fees. Some of the smaller announcements were of equal interest, including extending mandation of Making Tax Digital for Income Tax and increasing the HMRC late-payment interest rate.

30 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: Tribunal Procedure Committee – Written Reasons Consultation

The CIOT has published its response to the Tribunal Procedure Committee consultation on possible changes to the procedure rules concerning the provision of written reasons for decisions and other case management measures.

28 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

Agent Update: issue 124

HMRC has published issue 124 of Agent Update.

25 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

SI 2024/1026 The Budget Responsibility Act 2024 (Commencement) Regulations 2024

These regulations bring section 1 of the Budget Responsibility Act into force.

15 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

Home Office publishes guidance on Economic Crime and Corporate Transparency Act

The Home Office has published guidance on the information sharing measures

07 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

Changes to the Agent Dedicated Line

The CIOT and ATT have advised that HMRC has published an update on changes to the Agent Dedicated Line (ADL) service from 7 October 2024.

04 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

Tax Treaties: Luxembourg

HMRC has updated the tax treaties page for Luxembourg.

04 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

E-filing pilot goes live in the Administrative Court Office

The Courts and Tribunals Judiciary has announced that the E-Filing pilot scheme went live in the Administrative Court Office on 1 October 2024

04 Oct 2024 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on claiming a VAT refund as an organisation not registered for VAT

The form VAT126 has been updated so it can now be completed digitally for first claims.

30 Sep 2024 00:00 | Published by a Tolley Value Added Tax expert

HMRC Stakeholder Digest: 26 September 2024

HMRC has published its latest Stakeholder Digest (26 September 2024)

27 Sep 2024 00:00 | Published by a Tolley Corporation Tax expert

SI 2024/976 Retained EU Law (Revocation and Reform) Act 2023 (Commencement No 2 and Saving Provisions) (Revocation) Regulations

The UK Government has halted changes to the interpretation of assimilated caselaw that otherwise were to have taken effect from 1 October 2024.

26 Sep 2024 00:00 | Published by a Tolley Corporation Tax expert

Agent Update: Issue 123

HMRC has published Agent Update issue 123 (19 September 2024) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

20 Sep 2024 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: VAT on Private School Fees and Removing the Charitable Rates Relief for Private Schools

The CIOT has published its response to the HMT consultation on the draft legislation on VAT on Private School Fees and Removing the Charitable Rates Relief for Private Schools.

17 Sep 2024 00:00 | Published by a Tolley Value Added Tax expert

HMRC updated payment details

The payment details used to pay by bank transfer have been updated on various HMRC guidance pages.

16 Sep 2024 00:00 | Published by a Tolley Corporation Tax expert

ATT comments on VAT and private school fees

The Association of Taxation Technicians (ATT) has submitted comments on a technical note and draft legislation relating to the application of VAT to private school fees.

16 Sep 2024 00:00 | Published by a Tolley Value Added Tax expert

CIOT letter to the Exchequer Secretary to the Treasury on the Business Tax Roadmap

The Chartered Institute of Taxation (CIOT) have written to the minister regarding the Business Tax Roadmap.

13 Sep 2024 00:00 | Published by a Tolley Corporation Tax expert

Popular Articles

Associated companies ― from 1 April 2023

Associated companies ― from 1 April 2023Implications of associated companiesFrom 1 April 2023, the rate of corporation tax that a company is subject to depends on the level of its augmented profits. The rate of tax is based on a comparison of the company’s augmented profits against the corporation

22 Mar 2021 10:21 | Produced by Tolley Read more Read more

Company cars

Company carsIntroductionCompany cars are one of the most common taxable benefits. The rules for calculating the benefit are complex, and the reporting requirements are more onerous than most benefits. Company cars are covered by very specific legislation. Detailed guidance on each of the following

14 Jul 2020 11:15 | Produced by Tolley Read more Read more

Short-term business visitors (STBVs)

Short-term business visitors (STBVs)What is a short-term business visitor?An STBV for UK tax purposes is an individual who performs duties for a non-UK employer and as a part of those duties has been asked to spend a short period working in the UK. There is a common misconception that there is

14 Jul 2020 13:40 | Produced by Tolley in association with Gill Salmons Read more Read more