There was only one VAT news story in 2024: the taxing of private school education. Etienne Wong (Old Square Tax Chambers) also looks at some of the other notable developments along the way.
Happy New Year (2024)
The year started with a sunset. 1 January 2024 was when the Retained EU Law (Revocation and Reform) Act 2023 (or REULA 2023 to the cool kids) came into force. REULA was at heart an executioner (of lege europa) and its main purpose (in a nutshell) was to end the principle of the supremacy of EU law in the UK abolish other general principles of EU law and ‘sunset’ the EU-derived legislation specified in the Act.
But VAT is the fiscal embodiment of exceptionalism.
So while it is as affected by parts of REULA 2023 – ss 5 and 6 for example – as any other area of...
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There was only one VAT news story in 2024: the taxing of private school education. Etienne Wong (Old Square Tax Chambers) also looks at some of the other notable developments along the way.
Happy New Year (2024)
The year started with a sunset. 1 January 2024 was when the Retained EU Law (Revocation and Reform) Act 2023 (or REULA 2023 to the cool kids) came into force. REULA was at heart an executioner (of lege europa) and its main purpose (in a nutshell) was to end the principle of the supremacy of EU law in the UK abolish other general principles of EU law and ‘sunset’ the EU-derived legislation specified in the Act.
But VAT is the fiscal embodiment of exceptionalism.
So while it is as affected by parts of REULA 2023 – ss 5 and 6 for example – as any other area of...
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:
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