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.
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?
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.
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.
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.
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.