The CIOT has commented on the Taxation (Cross-border Trade) Bill. Whilst commonly known as the ‘Customs Bill’, it also significantly impacts VAT and Excise law. The CIOT has strong concerns about the government’s approach and the wide use of delegated powers.
HMRC consults on how to transpose a recent EU VAT Directive on VAT and vouchers into UK law. HMRC also wishes to be alerted to any issues that the new rules may present and whether greater clarity is required in some areas.
The CIOT continues to engage regularly with HMRC on the Making Tax Digital (MTD) for VAT plans. Initial primary legislation has been published and secondary legislation is expected before the end of 2017.