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Sending goods to the EU through roll on roll off ports or the Channel Tunnel

HMRC has updated its guidance on sending goods to the EU through roll on roll off ports or the Channel Tunnel.

01 Mar 2021 00:00 | Published by a

Brexit Bulletin鈥攑rovisional application extended as Council requests European Parliament鈥檚 consent to conclude the TCA

The Council of the European Union has formally requested the European Parliament鈥檚 consent to its decision on the conclusion of the EU-UK Trade and Cooperation Agreement (TCA), and associated agreements reached between the EU and UK at the end of the Brexit transition period. The European Parliament鈥檚 consent will pave the way for the Council鈥檚 adoption of the decision on the final conclusion of the agreements, marking the last steps in the EU鈥檚 ratification of the agreements and allowing their full entry into force. In the meantime, following its adoption, the TCA Partnership Council鈥檚 decision extending provisional application of the TCA until 30 April 2021 entered into force on 26 February 2021. The decision has been published in the Official Journal of the European Union (OJEU).

01 Mar 2021 00:00 | Published by a

CIOT comments on the House of Commons Treasury Committee's inquiry on Tax After Coronavirus

The Chartered Institute of Taxation (CIOT) has published its comments in relation to the House of Commons Treasury Committee鈥檚 Inquiry on 鈥楾ax After Coronavirus鈥�.

01 Mar 2021 00:00 | Published by a

Weekly roundup of HMRC manual changes: 1 March 2021

1 March 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

01 Mar 2021 00:00 | Published by a

HMRC guidance: postponed accounting for import VAT

HMRC has updated its guidance with information to explain how to complete a VAT return if postponed import VAT statements cannot be downloaded.

01 Mar 2021 00:00 | Published by a

OECD Secretary-General Tax Report to G20 Leaders

The OECD secretary-general has published his report to the February 2021 meeting of G20 leaders in Italy, covering international tax developments including the digital economy, response to COVID-19, the activities and achievements of the Global Forum on Transparency, and Exchange of Information for Tax Purposes.

01 Mar 2021 00:00 | Published by a

OECD details strategies to disrupt work of professionals enabling tax avoidance

The Organisation for Economic Co-operation and Development (OECD) has issued a new report in which it calls on countries to increase their efforts to better deter, detect and disrupt the activities of professionals who enable tax evasion and other financial crimes. The report, titled Ending the Shell Game: Cracking down on the Professionals who enable Tax and White Collar Crimes, explores the different strategies that countries can take against those professional service providers which play a large part in the planning and pursuit of criminal activity, referred to in the report as 鈥榩rofessional enablers鈥�. The OECD noted that 鈥榯he majority of professional service providers are law-abiding, and play an important role in assisting businesses and individuals understand and comply with the law鈥�. However, it is hoped that this new report will assist countries in dealing with 鈥榯he small subset that use their specialised skills and knowledge to enable clients to defraud the government and evade their tax obligations鈥�. The report will be presented at the virtual OECD Global Anti-Corruption and Integrity Forum on 24 March 2021 at 4.45 pm.

26 Feb 2021 00:00 | Published by a

Finance Bill 2021 to be published on 11 March

The Finance Bill will be published on 11 March 2021. A full copy of the Budget resolutions will be made available after the Chancellor鈥檚 Budget statement on 3 March 2021.

26 Feb 2021 00:00 | Published by a

Government publishes response to the House of Lords report on new HMRC powers

The government has published its response to the House of Lords Economic Affairs Finance Bill Sub-Committee report on whether new powers for HM Revenue and Customs (HMRC) are fair and proportionate. The letter sets out the government鈥檚 agreement with six out of the nine recommendations made by the Sub-Committee in the report. The response also takes into consideration the recently published HMRC report on the 鈥榠mplementation of powers, obligations and safeguards introduced since 2012鈥�.

26 Feb 2021 00:00 | Published by a

Notices made under the Taxation (Cross-border Trade) Act 2018

HMRC has updated the list of Notices made under the

26 Feb 2021 00:00 | Published by a

SI 2021/190 The Scottish Rates of Income Tax (Consequential Amendments) Order 2021

The Scottish Rates of Income Tax (Consequential Amendments) Order 2021, SI 2021/190, amends section 7(5A)(c) of the Finance (No. 2) Act 2005, to ensure that Scottish taxpayers who receive a social security pension lump sum are taxed at the highest Scottish rate that would be applicable for a tax year if income tax were charged at Scottish rates on their income including savings and dividend income.

25 Feb 2021 00:00 | Published by a

Employment Rights Act 1996 (Coronavirus, Calculation of a Week鈥檚 Pay) (Amendment) Regulations 2021

The regulations amend regulations 2 and 3 of the Employment Rights Act 1996 (Coronavirus, Calculation of a Week鈥檚 Pay) Regulations, SI 2020/814 following the extension of the Coronavirus Job Retention Scheme (CJRS) to 30 April 2021.

25 Feb 2021 00:00 | Published by a

UK/Sweden Tax treaty

HMRC has announced that the new protocol amending the 2015 Sweden/UK Double Taxation Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital gains, was signed on 23 February 2021.

24 Feb 2021 00:00 | Published by a

VAT registration delays

The CIOT has shared an update from HMRC on VAT registration delays.

24 Feb 2021 00:00 | Published by a

Company cars: advisory fuel rates from 1 March 2021

HMRC has published revised advisory fuel rates for company cars which apply from 1 March 2021.

24 Feb 2021 00:00 | Published by a

VAT Deferral New Payment Scheme portal opens

HMRC has announced that the online portal for the VAT deferral new payment scheme is now open for businesses which deferred VAT payments last year.

23 Feb 2021 00:00 | Published by a

Brexit Bulletin鈥擴K agrees to EU proposal extending provisional application of TCA until 30 April 2021

The Prime Minister鈥檚 Office has updated its document collection for the EU-UK Trade and Cooperation Agreement (TCA), and associated agreements reached between the EU and UK at the end of the Brexit transition period. The newly added documents include an exchange of correspondence confirming the UK鈥檚 agreement to the EU鈥檚 proposed two-month extension to the provisional application of the TCA, pending ratification in the European Parliament. As interim co-chair of the Partnership Council under the TCA, Michael Gove signalled the UK鈥檚 agreement to the draft decision proposed by the European Commission, extending provisional application from 28 February to 30 April 2021. However, his response also noted the government鈥檚 expectation that there would be no further extensions beyond 30 April 2021, particularly in light of the 鈥榰ncertainty鈥� that continued provisional application would create. Gove also noted the government鈥檚 view that, aside from adopting the decision to extend provisional application via written procedure, the Partnership Council and other institutional arrangements established under the TCA should not commence formally until the agreement is fully in force. Gove will be replaced as co-chair of the TCA Partnership Council and Withdrawal Agreement Joint Committee in March 2021. Until then, work continues in the Joint Committee to resolve pressing issues outstanding in the implementation of the Withdrawal Agreement.

23 Feb 2021 00:00 | Published by a

New peer review process to foster transparency on tax rulings

The OECD and the inclusive framework on BEPS have approved a new process for the BEPS Action 5 peer review of the transparency framework for the years 2021 to 2025 in order to maintain and improve transparency on tax rulings.

23 Feb 2021 00:00 | Published by a

Guidance on withdrawn VAT notices for transactions on or before 31 December 2020

HMRC has published new guidance for businesses to find withdrawn VAT Notices to check the rules for transactions that took place on or before 31 December 2020.

22 Feb 2021 00:00 | Published by a

Tax news roundup: 22 February 2021

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced this week. Our commentary will be updated in due course to reflect these latest developments.

22 Feb 2021 00:00 | Published by a

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