OTS simplification review of the VAT system
In December the OTS published its terms of reference for a ‘VAT General Simplification Review’.
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OTS Stamp Duty review
The OTS has published the terms of reference for its simplification review of how to reform Stamp Duty on paper transactions.
Scope of VAT grouping: HMRC consultation
What is a VAT group?
The idea behind a VAT group (or single taxable entity as it is known in EU law) is that two or more persons can be treated as a single entity for VAT purposes.
Updated HMRC guidance on SDLT 3%
At the end of November 2016 HMRC published updated guidance on the higher rates for purchases of additional residential properties.
HMRC consultation: Penalty for participating in VAT fraud
Background
HMRC published a consultation document putting forward proposals for a new penalty regime for VAT fraud.
Pre-registration VAT
Background
HMRC recently issued Revenue and Customs Brief (RCB) 16/2016 concerning the deduction of VAT incurred on goods and services bought by a business before it registers for VAT but
Scotland update: a call for evidence on the economic impact of leaving the EU, LBTT focus group, LBTT forum
The CIOT responded to a call for evidence issued by the Economy, Jobs and Fair Work Committee of the Scottish Parliament.