The European Commission has published the latest in its series of ‘stakeholder’ notices setting out its view of the consequences of UK withdrawal in the area of customs and taxation.
The Taxation (Cross-border Trade) Act 2018 received Royal Assent on 13 September. The Act allows the government to create a standalone customs regime when the UK leaves the EU and provides for amendment of existing VAT and excise legislation.
Following consultation, HM Treasury intends to explore in more depth a number of proposals for using the tax system to reduce the amount of single-use plastic waste. The chancellor will announce the final set of policies to be taken forward at Budget 2018.
HMRC has updated its guidance in the VAT Education Manual on the topic of vocational training, to reflect the Court of Justice judgment in Brockenhurst College, Case
HMRC has confirmed it will require businesses to account for VAT at the standard rate on damp-proofing products, such as paints, creams or gels, with effect from 1 September 2018.
HM Treasury has published a draft order to block VAT avoidance schemes of the type defended successfully at the First-tier Tribunal in Hastings Insurance Services [2018] UKFTT 27 (TC), involving recovery of VAT on exempt financial services which are routed through offshore entities outsi
HMRC has announced a change of policy following the decision of the First-tier Tribunal in Phoenix Foods Ltd [2018] UKFTT 18 (TC).
HMRC has set out the treatment it expects to see applied to dealer deposit contributions in the motor retail trade, where dealers contribute towards the deposit payable to the finance company, leaving the customer to pay a reduced amount.
HMRC will open the new customs declaration service (CDS) with limited functionality to a group of importers in August 2018, before the roll-out to all importers in November. The release to exporters will be announced later.