Indirect Tax

Technical
1 May 2017

As part of its simplification review of residual paper stamp duty on shares, the OTS requests evidence from practitioners as to the time and costs involved in dealing with the adjudication process and current system generally.

Technical
1 May 2017

Pitched at tackling fraud in relation to online business to consumer (B2C) sales involving overseas sellers, this consultation asks much broader questions about the feasibility of a real time VAT collection mechanism. Could this be HMRC testing the water for wider application in the future?

Technical
1 May 2017

HMRC seeks views on proposals to prevent supply chain VAT fraud in the construction industry by using a domestic VAT reverse charge for labour services.

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.