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This brief explains the VAT treatment of voluntary carbon credits from 1 September 2024, including the voluntary carbon credits that will be in the scope of the Terminal Markets Order.

The CIOT has published its respons to the HMRC call for evidence on the Tax Administration Framework Review: enquiry and assessment powers, penalties, safeguards.

The CIOT has commented on the draft legislation on improving the data HMRC collects from its customers.

These Regulations extend the applicable sunset date for special tax sites.

HMRC has published a collection of VAT tertiary legislation.

At Tax Administration and Maintenance Day on 18 April 2024, the UK government launched consultations on the impact of the Uber VAT decisions and a new administrative requirement for employers in freeport and investment zone tax sites, committed to publishing further detail on options to tackle umbrella company non-compliance, and set out its intention to consult on VAT relief for low-value goods donated to charity.

HMRC has published Revenue and Customs Brief 5 (2024) clarifying its technical position on the inclusion of business to business (B2B) wholesale supplies within the Tour Operators’ Margin Scheme (TOMS).

HMRC has published agent update: issue 119 (17 April 2024) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

HMRC has published updated road fuel scale charge tables for VAT which apply from 1 May 2024.

The Government have issued a new brief which explains how VAT and excise legislation should be interpreted from 1 January 2024.

The CIOT has advised that, following continued risking of the Pandora Papers data, a further tranche of letters is being issued by HMRC to some wealthy individuals from the week commencing 8 April 2024, and they will include an extended response period of 60 days.

HMRC has published a new template for the recording of supporting information for VAT refund claims under the DIY housebuilder scheme.

HMRC has launched a consultation on draft legislation for the Value Added Tax (Refund of Tax to Museums and Galleries) (Amendment) Order 2024.

HMRC has published Agent Update issue 118 (20 March 2024) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

HMRC has confirmed that proposals to reduce the availability of several taxpayer helplines have been put on hold.

Finance (No 2) Bill was published on 13 March 2024.

The Notice has been updated to show that HMRC no longer sends an acknowledgement letter on receipt of an option to tax. The list of authorised signatories has also been updated.

This Order increases the VAT registration and deregistration threshold for taxable supplies.

The 6 March 2024 Spring Budget announced a further 2 percentage point cut in NICs for employees and the self-employed, although the income tax thresholds remain frozen. The government is also consulting on potential regulation of the tax advice market.

HMRC has published the outcome of the consultation on draft regulations for Electronic Sales Suppression (ESS).