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HMRC consults on implementing OECD digital platform reporting rules
Philip Munn

17 September 2021

The UK government has announced that it will be implementing the OECD’s Model Reporting Rules for Digital Platforms, which derive from the ongoing G20/OECD tax base erosion and profit shifting (BEPS) project. This means that, from January 2023, UK based digital platform providers will be required to report information to HMRC about the income of workers and sellers based anywhere in the world that are using their platforms, with the aim of enabling HMRC and other tax authorities to detect and tackle tax compliance failures.

VAT: Jupiter Asset Management
Philip Munn

24 July 2021

A recent tribunal decision has highlighted the importance of correctly valuing management charges to connected entities for VAT purposes, especially when the recipient is not entitled to recover VAT in full on the cost.

The EU’s new VAT rules for e-commerce from 1 July 2021
Philip Munn

21 June 2021

Major changes to the EU’s VAT rules for e-commerce come into force on 1 July 2021. What do UK traders need to know about selling to EU consumers after that date?

Honest budget signals back to the future on corporation tax and reprieve for hospitality sector, business owners and angel investors
Dan Robertson

03 March 2021

Today, as what he termed ‘honest and fair’ measures to balance the public finances, the Chancellor pledged billions to continue to support businesses and families through the pandemic. He also stressed the importance of encouraging investment, especially in innovation, in order to build the UK’s future economy. This budget signalled a reprieve for business owners and angel investors with capital gains tax rates and key tax relief left untouched, but there remain concerns.

Top 10 Brexit-related changes for VAT and customs
Philip Munn

19 February 2021

In recent weeks, businesses have been bombarded with news of Brexit changes for VAT and customs and the (sometimes unintended) consequences for UK/EU trade. RSM’s Top 10 guide will help you cut through the noise.

Spring brings VAT changes for the construction sector and making tax digital
Philip Munn

18 February 2021

Adapting businesses to the challenges of Brexit and lockdown 3.0 have dominated the boardroom agenda. However, the introduction of the VAT domestic reverse charge for the construction industry and making tax digital's digital links in the spring should not be ignored.

Tribunal supports holding company’s VAT recovery on long term project
Philip Munn

16 January 2021

The First-tier Tribunal (FTT) has recently issued its decision in Bluejay Mining plc, we explore this decision as it could be helpful for holding companies that incorporate subsidiaries to build a new business over an extended period.

Brexit, VAT and the Northern Ireland protocol
Philip Munn

20 November 2020

We summarise HMRC's recent guidance on the VAT treatment of the Northern Ireland protocol.

HMRC makes backdated VAT policy change to termination fees
Philip Munn

17 October 2020

In the past, HMRC has accepted that contractually agreed payments due in the event of a breach of contract, and thus amounting to compensation, were typically outside the scope of VAT, because they are not consideration for any supply of goods or services.

Coronavirus VAT measures extended
Philip Munn

06 October 2020

The Chancellor’s statement on Thursday 24 September, included a reduced rate for hospitality and leisure sectors and a deferred VAT payment date.

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