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Latest Value Added Tax News

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Updated HMRC guidance on VAT domestic reverse charge

HMRC has updated its technical guidance on the VAT domestic reverse charge at the section ‘Scaffolding on zero-rated new build housing’.

12 Dec 2022 00:00 | Published by a Tolley Value Added Tax expert

EU Commission ViDA reforms published

The EU Commission has published its long awaited legislative proposals on VAT in the Digital Age (ViDA).

09 Dec 2022 00:00 | Published by a Tolley Value Added Tax expert

Consultation: VAT treatment of fund management

A consultation has been launched on proposed reform of the VAT rules on fund management to improve legal clarity and certainty. This consultation closes on 3 February 2023.

09 Dec 2022 00:00 | Published by a Tolley Value Added Tax expert

HMRC guidance about land and property supplies

HMRC has published new guidance with information on notifying HMRC of the specific nature of the land and property supplies businesses are making using form VAT5L.

08 Dec 2022 00:00 | Published by a Tolley Value Added Tax expert

Updated HMRC guidance on Making Tax Digital for VAT

HMRC has updated its guidance to reflect that all VAT registered businesses should now be signed up for Making Tax Digital (MTD) for VAT.

07 Dec 2022 00:00 | Published by a Tolley Value Added Tax expert

SI 2022/1277 The Finance Act 2009, Finance (No. 3) Act 2010 and Finance Act 2021 (Value Added Tax) (Interest) (Appointed Days) Regulations 2022

These Regulations commence provisions of the Finance Act 2009 (and amendments to that Act) which provide for late payment interest on sums due to HMRC and repayment interest on sums to be paid by HMRC for the purposes of VAT.

06 Dec 2022 00:00 | Published by a Tolley Value Added Tax expert

SI 2022/1278 The Finance Act 2021 (Value Added Tax) (Penalties) (Appointed Day) Regulations 2022

These Regulations provide that 1 January 2023 is the appointed day on which FA 2021 Schs 24, 26 and specified provisions of FA 2021 Sch 27 come into force for VAT.

06 Dec 2022 00:00 | Published by a Tolley Value Added Tax expert

HMRC Consultation: The Indirect Taxes (Notifiable Arrangements) (Amendment) Regulations 2023

HMRC has launched a consultation seeking views on draft regulations for the Disclosure of Tax Avoidance Schemes for VAT and other indirect taxes (DASVOIT) regime. Responses can be submitted until 11:45 pm on 15 January 2023.

05 Dec 2022 00:00 | Published by a Tolley Value Added Tax expert

House of Commons Committee reports adoption of government amendments to Economic Crime and Corporate Transparency Bill

The House of Commons Public Bill Committee has reported the adoption of government amendments to the Economic Crime and Corporate Transparency Bill (the Bill). The Committee has also reported the withdrawal of amendments in the name of Dame Margaret Hodge proposing an offence of failure to prevent fraud or money laundering.

02 Dec 2022 00:00 | Published by a Tolley Corporation Tax expert

Brazil: tax treaties

The text of the 2022 UK-Brazil Double Taxation Convention has been added to the HMRC tax treaties page.

30 Nov 2022 00:00 | Published by a Tolley Corporation Tax expert

Updated VAT Notice 700/12: How to fill in and submit the VAT Return

HMRC has updated its VAT Notice 700/12: How to fill in and submit the VAT Return at section 3.1 to add information about completing a paper return.

30 Nov 2022 00:00 | Published by a Tolley Value Added Tax expert

HMRC Stakeholder Digest : 24 November 2022

HMRC’s Stakeholder Digest (24 November 2022) provides a round-up of recent news and updates.

28 Nov 2022 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on registering a client for a tax service as an agent

HMRC has updated its guidance to add information for agents on what they need when registering their clients for VAT, including registering limited company clients and individuals and partnerships.

28 Nov 2022 00:00 | Published by a Tolley Value Added Tax expert

Weekly roundup of HMRC manual changes: 28 November 2022

28 November 2022 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

28 Nov 2022 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

Updated VAT Notice 708: Buildings and construction

HMRC has updated its VAT Notice 708: Building and construction at section 14.7.4 to show the updated conditions where buildings fall into the category of village halls and similar buildings.

25 Nov 2022 00:00 | Published by a Tolley Value Added Tax expert

Treasury publishes Autumn Finance Bill 2022

On 22 November 2022, HM Treasury published the Autumn Finance Bill 2022 legislating for key tax changes announced by the Chancellor at the Autumn Statement 2022 on 17 November 2022.

23 Nov 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC publishes tax information and impact notes

HMRC has published several tax information and impact notes (TIINs).

22 Nov 2022 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on VAT domestic reverse charge

HMRC has updated its technical guidance on the VAT domestic reverse charge to include a new section on scaffolding.

21 Nov 2022 00:00 | Published by a Tolley Value Added Tax expert

Weekly roundup of HMRC manual changes: 21 November 2022

21 November 2022 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

21 Nov 2022 00:00 | Published by a Tolley Corporation Tax expert

Agent Update: issue 102

HMRC has published Agent Update issue 102 (November 2022) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

18 Nov 2022 00:00 | Published by a Tolley Corporation Tax expert

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