From 1 March 2019, HMRC will treat VAT as due on all payments for goods and services which customers pay for, but do not collect or use.
The European Commission has put forward legislative proposals for quarterly information-sharing obligations on payment service providers, such as credit card companies and other payment intermediaries, as part of anti-fraud measures to support the EU VAT e-commerce directive.
HMRC is consulting until 11 February on a draft amending order which inserts a description of the new category of tobacco product, ‘tobacco for heating’, into the principal regulations.
The Value Added Tax (Input Tax) (Specified Supplies) (Amendment) Order, SI 2018/1328, will come into force on 1 March 2019 to block avoidance arrangements used by insurers to reclaim VAT on services routed through offshore entities, which are then ‘looped’ back as supplies made to consumers in th
The European Commission has published proposals for a new directive and regulation containing detailed rules introducing the VAT one-stop-shop for online sellers of goods to consumers in the EU, and making online marketplaces responsible for ensuring VAT is collected on goods sold on their platfo
The EU has approved the UK’s request to extend until December 2020 its VAT directive derogation allowing UK employers to use HMRC’s road fuel scale charges to account for VAT in respect of private use of company cars.
The scheme is now open for businesses to apply for grants to help fund training and IT improvements connected with completion of customs declarations, in preparation for the UK leaving the EU. This grant scheme is administered on behalf of HMRC by PricewaterhouseCoopers (PwC).
The government has laid two Treasury orders making changes to the rules for businesses making supplies of digital services to consumers across the EU from 1 January 2019.
The amending directive allowing EU member states to apply reduced or zero rates to electronic publications has been published in the EU official journal and comes into force on 4 December 2018.