2 May 2025| CATEGORIES: Compliance checks, HMRC guidance, Interactive tool| TAGS: HMRC, Interactive guidance
HMRC has launched a new free online Interactive Compliance Guidance tool to help businesses and individuals understand HMRC compliance checks. It brings together existing compliance guidance and videos in one place, making it easier to find and navigate the appropriate information.
25 April 2025| CATEGORIES: Care sector, HMRC guidance, tax avoidance, VAT grouping| TAGS: HMRC, tax avoidance, VAT grouping
HMRC is to crackdown on particular VAT grouping structures they consider to be a form of tax avoidance in the care sector. Care providers operating VAT grouping arrangements should carefully review their current VAT accounting practices and seek tax advice where necessary.
26 April 2024| CATEGORIES: B2B, HMRC guidance, TOMS| TAGS: B2B wholesale, New HMRC policy, TOMS
HMRC have published Revenue and Customs Brief 5 (2024) on the application of the Tour Operators’ Margin Scheme (TOMS) for business-to-business (B2B) wholesale supplies. The brief explains that businesses can choose if they want to apply the Tour Operator’s Margin Scheme (TOMS) to B2B wholesale supplies.
10 April 2024| CATEGORIES: HMRC guidance, Non-established taxable persons, UK, VAT registration| TAGS: HMRC, NETP, VAT, VAT registration
HMRC have amended VAT registration information relating to non-established taxable persons (NETPs) in VAT Notice 700/1. An NETP is any person who does not have a UK establishment. The rules regarding VAT registration can be complex, especially for overseas sellers of goods via an online marketplace.
