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The Chartered Institute of Taxation (CIOT) has published its response to the draft legislation for Finance Bill 2021 on the hybrid and other mismatches regime for corporation tax.

Following the end of the Brexit transition/implementation period at 11 pm on 31 December 2020 (IP completion day), the government has been reissuing a number of Brexit webpages and guidance documents, collating existing stakeholder and sectoral guidance on legal and practical changes taking effect from 1 January 2021. Subjects covered include Intrastat declarations which continue to apply for goods moved between Northern Ireland and the EU from 1 January 2021. The guidance within the refreshed webpages may not necessarily be new but the pages are worth noting for future reference and bookmarking. Some of the guidance contains simple updates and reference amendments to reflect the end of the transition period having occurred. Some of the guidance published post-IP completion day may also contain substantive updates to reflect changes taking effect in light of the EU-UK Trade and Cooperation Agreement (and related arrangements). Further guidance may be issued, so stakeholders are advised to monitor these pages for updates.

HMRC has updated its guidance on suspensions and reductions of certain goods from customs duty to reflect the end of the transition period and the move to the UK Trade Tariff and confirm tariff suspensions on COVID-19 critical goods.

The Association of Taxation Technicians (ATT) has requested that tax exemptions for employer-funded coronavirus antigen tests are extended beyond 5 April 2021.

HMRC has updated its guidance regarding the sale of goods from Great Britain to an EU member state via Northern Ireland. It makes it clear that the VAT treatment depends on where the goods are at the time that the transfer of the rights to the goods takes place.

HMRC has updated VAT notices to include new updates on the entry and exit criteria in the Agricultural Flat Rate Scheme.

HMRC has updated its notice that details the VAT extra statutory concessions (ESCs) to remove two obsolete ESCs.

The Chartered Institute of Taxation (CIOT) has published its response to the consultation on Reforms to arrangements for obtaining permission to the Court of Appeal.

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

HMRC has launched a consultation on draft clauses that will enable employers to apply a zero-rate of secondary Class 1 Employer National Insurance contributions (NICs) on the earnings of veterans during the first year of their civilian employment. The consultation closes at 11:45 pm on 8 March 2021.

HMRC has updated its guidance on the Conditional Exemption Tax incentive scheme to extend the date for the temporary changes made as a result of the coronavirus (COVID-19) pandemic

HMRC has published new guidance on relief from customs charges due on personal belongings, when moving a home to Northern Ireland from Great Britain.

These Regulations appoint IP completion day as the day on which various provisions of primary legislation come into force in consequence of the United Kingdom exiting the EU.

Following the end of the Brexit transition/implementation period at 11 pm on 31 December 2020 (IP completion day), the government has been reissuing a number of Brexit webpages and guidance documents, collating existing stakeholder and sectoral guidance on legal and practical changes taking effect from 1 January 2021. Subjects covered include moving goods from Great Britain to Northern Ireland from 8 January 2021. The guidance within the refreshed webpages may not necessarily be new but the pages are worth noting for future reference and bookmarking. Some of the guidance contains simple updates and reference amendments to reflect the end of the transition period having occurred. Some of the guidance published post-IP completion day may also contain substantive updates to reflect changes taking effect in light of the EU-UK Trade and Cooperation Agreement (and related arrangements). Further guidance may be issued, so stakeholders are advised to monitor these pages for updates.

These Regulations amend Part 1 of Schedule 2 to the Stamp Duty Land Tax (Administration) Regulations 2003 (SI 2003/2837) to provide a new SDLT 1 form in connection with land transactions for the purposes of stamp duty land tax.

HMRC has launched a further consultation on Small Brewers Relief (SBR). This sets out in further detail how and why the government reached its conclusions on the first part of the review, and explores the key issues associated with further reforming SBR.

HMRC has updated its guidance on claiming VAT refunds from 1 January 2021 to help stakeholders prepare for the end of the transition period and beyond. Further new and updated guidance may be issued as the transition period progresses, so stakeholders are advised to monitor these pages for updates.

HMRC has clarified the steps that hauliers must take to travel to the Republic of Ireland directly from Great Britain (GB).

Barbados has deposited its instrument of ratification with the OECD for the BEPS Multilateral Convention.

HMRC has updated its Job Retention Scheme guidance to cover employees who are unable to work due to caring responsibilities resulting from coronavirus (COVID-19).