Indirect Tax

Technical
1 April 2017

In our response to a call for evidence, we have called for a timetable setting out when and how the proposed 50% reduction in the Air Departure Tax (ADT) burden will be phased in and provision to monitor the outcomes of the Scottish government’s ADT policy.

Technical
1 April 2017

Changes to the VAT Flat Rate Scheme (FRS) take effect on 1 April 2017 to introduce a new ‘limited cost business’ rate of 16.5%, designed to tackle abuse of the FRS. Further guidance is available on the CIOT and ATT websites.

Technical
1 April 2017

The CIOT has reiterated its concerns to HMRC about the proposed Fulfilment House Due Diligence Scheme at a recent consultation meeting. We remain unconvinced that the scheme will tackle the VAT loss effectively and, instead, is set to add complexity and administrative burden to the compliant majority of affected UK businesses.

Technical
1 March 2017

The CIOT was represented at a recent meeting of the Scottish Government’s Air Departure Tax Stakeholder Forum. This provided an opportunity to learn more about and discuss the Air Departure Tax (Scotland) Bill, which the Scottish Government published in December 2016.

Technical
1 March 2017

We have continued our engagement with HMRC regarding the proposed changes to the Flat Rate Scheme and submitted our comments and concerns to HMRC.

Technical
1 March 2017

LITRG comments on draft proposals to limit VAT zero-rated purchases of motor vehicles by eligible disabled people, to come into effect from 6 April 2017.

Technical
1 February 2017

HMRC has published updated guidance on the higher rates for purchases of additional residential properties.

Technical
1 February 2017

HMRC published a consultation document on the subject of VAT groups on 5 December 2016. The deadline for responses is 27 February 2017. We would like to hear your views.

Technical
1 February 2017

The Government has asked the Office of Tax Simplification (OTS) to review the Stamp Duty system, and we would like to hear your views.

Technical

The Government has asked the Office of Tax Simplification (OTS) to review the operation of the VAT system. The terms of reference are wide ranging, and we would like to hear your views.