Review of budget proposals by Daniel Lyons and Donna Huggard
As expected there were no tremendously significant indirect tax announcements in this year's Budget the Chancellor even noting in his Statement that there were to be no announcements on VAT rates. There were however a number of indirect tax changes some of which as is becoming increasingly common had been previously announced.
This article discusses the changes under three headings: EU-related measures (arising from EU obligations of various types); thresholds and other administrative measures (including changes to the penalty provisions); and betting and gaming changes.
EU-related measures
A number of Budget measures arise from EU obligations whether to ensure compliance with current or planned EU law or in response to ECJ judgments.
One such measure is a restriction of the VAT exemption for postal services. The exemption will be restricted to public...
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Review of budget proposals by Daniel Lyons and Donna Huggard
As expected there were no tremendously significant indirect tax announcements in this year's Budget the Chancellor even noting in his Statement that there were to be no announcements on VAT rates. There were however a number of indirect tax changes some of which as is becoming increasingly common had been previously announced.
This article discusses the changes under three headings: EU-related measures (arising from EU obligations of various types); thresholds and other administrative measures (including changes to the penalty provisions); and betting and gaming changes.
EU-related measures
A number of Budget measures arise from EU obligations whether to ensure compliance with current or planned EU law or in response to ECJ judgments.
One such measure is a restriction of the VAT exemption for postal services. The exemption will be restricted to public...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
