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Latest Value Added Tax News

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Updated VAT Notice 714: Young children's clothing and footwear

HMRC has updated VAT notice 714 paragraph 4.4.2 to include information about children’s face masks.

31 Oct 2022 00:00 | Published by a Tolley Value Added Tax expert

HMRC Stakeholder Digest: 27 October 2022

HMRC’s Stakeholder Digest (27 October 2022) provides a round-up of recent news.

28 Oct 2022 00:00 | Published by a Tolley Employment Tax expert

Chancellor pushes back the fiscal statement to 17 November 2022

The Chancellor has announced that the economic statement which was due on 31 October 2022 will now take place on 17 November 2022.

26 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 25 October 2022

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

25 Oct 2022 00:00 | Published by a Tolley Employment Tax expert

Prime Minister Sunak takes office

Rishi Sunak has taken office as the UK’s next Prime Minister following Liz Truss’s resignation.

25 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

Revenue and Customs Brief 11 (2022): VAT and children’s face masks

HMRC has revised its position regarding VAT relief on the sale of children’s face masks.

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

New HMRC guidance: Secondary liability and assessment notices and joint and several liability notices for Plastic Packaging Tax

HMRC has published new guidance on secondary and joint and several liability and when businesses may be liable for unpaid Plastic Packaging Tax.

20 Oct 2022 00:00 | Published by a Tolley Value Added Tax expert

Updated VAT Notice 735: Domestic reverse charge procedure

HMRC has updated VAT Notice 735 in two areas.

19 Oct 2022 00:00 | Published by a Tolley Value Added Tax expert

HMRC guidance on what to do if a tax agent’s business is changing

HMRC has published new guidance on what tax agents need to tell HMRC if their business is changing in some way.

19 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

Updated VAT Notice 723A: Refunds of UK VAT for non-UK businesses

HMRC has updated its VAT notice 723A to include new sections on electronic submission of claims and postal claims.

18 Oct 2022 00:00 | Published by a Tolley Value Added Tax expert

Agent Update: Issue 101

HMRC has published Agent Update issue 101 (October 2022) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

18 Oct 2022 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC manual changes: 17 October 2022

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

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

New Chancellor announces reversal of mini-Budget tax measures

Chancellor Jeremy Hunt has announced a reset of government fiscal policy, reversing ‘almost all the tax measures’ from the mini-Budget.

17 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC Stakeholder Digest: 14 October 2022

HMRC’s Stakeholder Digest (14 October 2022) provides a round-up of recent news.

17 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on plastic packaging tax

HMRC has updated its plastic packaging guidance with more information and examples on what packaging is exempt from the tax. A new section has also been added providing information about deferring payment of the tax or claiming a credit.

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

Updated VAT Notice 708: Buildings and construction

HMRC has updated its VAT Notice 708: Building and construction guidance to include details on the VAT domestic reverse charge.

11 Oct 2022 00:00 | Published by a Tolley Value Added Tax expert

Chancellor brings fiscal statement forward to 31 October

Writing to the Treasury Committee, the Chancellor has announced his intention to deliver his medium-term fiscal plan on 31 October, rather than 23 November.

10 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 10 October 2022

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

10 Oct 2022 00:00 | Published by a Tolley Corporation Tax expert

VAT Notice 733: Flat Rate Scheme for small businesses

HMRC has published a new VAT notice 733 on the Flat Rate Scheme for small businesses

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

HMRC publishes new GAAR Advisory Panel opinion on SDLT arrangements

HMRC has published a new GAAR Advisory Panel opinion on Stamp Duty Land Tax arrangements in relation to the sale and purchase of a residential property, involving an alternative finance agreement and a lease agreement.

06 Oct 2022 00:00 | Published by a Tolley Owner-Managed Businesses expert

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