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VAT


Karen Killington and Reshma Soni (KPMG) examine the Upper Tribunal decision.

Panny Loucas (PwC) assesses the rights of EU citizens and the tax and customs aspects of the draft deal.
 

The government has laid two Treasury orders making changes to the rules for businesses making supplies of digital services to consumers across the EU from 1 January 2019.

The amending directive allowing EU member states to apply reduced or zero rates to electronic publications has been published in the EU official journal and comes into force on 4 December 2018.

HMRC’s latest statistics show the soft drinks industry levy has raised £153.8m since its introduction in April this year.

Mike Lane and Zoe Andrews (Slaughter and May) provide your monthly update on tax developments affecting the City.
 
What is or is not a ‘special investment fund’ for VAT purposes? Etienne Wong (Old Square Tax Chambers) and Alex Tostevin (Dentons) examine the concept, tracing its evolution from its origin to the most recent CJEU ruling.
 

HMRC has published a final version of the draft Value Added Tax (Section 55A) (Specified Services and Excepted Supplies) Order 2019, introducing a domestic VAT reverse charge for specified business-to-business supplies of construction services from 1 October 2019.

The directive extending the EU temporary reverse charge option and quick reaction mechanism until 30 June 2022 has been published in the EU official journal and enters into force on 2 December 2018.

The European Commission has begun infringement proceedings against the UK, sending a letter of formal notice concerning the Isle of Man’s ‘abusive VAT practices’ with regard to supplies and leasing of aircraft for private use. The UK has two months to respond to the Commission’s points.

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