reduced rate VAT

HMRC launch letter campaign to energy suppliers on reduced VAT rate errors

22 September 2023| CATEGORIES: domestic fuel, HMRC campaign, reduced VAT rate| TAGS: , , ,

HMRC have launched a ‘one-to-many’ letter campaign aimed at energy suppliers, regarding the reduced VAT rate for supplies of fuel and power. HMRC are asking that suppliers review their systems and processes for accounting for VAT, to ensure they are accounting for VAT in line with HMRC’s published guidance.


GB to NI Goods: UK Internal Market Scheme to replace the UK Trader Scheme from 30 September 2023

13 September 2023| CATEGORIES: Brexit, GB to NI goods, Not at risk| TAGS: , , ,

HMRC have issued a reminder to businesses selling goods from Great Britain into Northern Ireland that the UK Internal Market Scheme (UKIMS) will replace the UK Trader Scheme (UKTS) from 30 September 2023.  The UK Internal Market Scheme will continue to enable registered traders to move goods in line with existing ‘not at risk’ arrangements.


Overseas e-commerce sales to consumers in Jersey subject to GST from July 2023

18 August 2023| CATEGORIES: e-Commerce, GST, Jersey, New legislation| TAGS: , , ,

With effect from 1 July 2023, Jersey has introduced Goods and Services Tax (GST) on sales of e-commerce goods made to consumers in Jersey by non-resident businesses.  There is a registration threshold of £300,000. When purchasing goods from overseas retailers who become registered for GST, consumers will pay 5% GST to the supplier (vendor) at the point of sale.


VAT recovery on the sale of shares – new UT decision

11 August 2023| CATEGORIES: input tax recovery, sale of shares, VAT case| TAGS: , , ,

The Upper Tribunal (UT) has released its judgment in the Hotel La Tour Limited case. The case concerned the recovery of VAT on advisers’ costs relating to the sale of shares in a subsidiary company.
The UT rejected HMRC’s appeal against the previous decision of the First-tier Tribunal (FTT) which had found that the VAT on the advisers’ costs could be recovered as there was a link to future taxable supplies.

Shipping containers

The Electronic Trade Documents Act receives Royal Assent

9 August 2023| CATEGORIES: Electronic documents, International trade, New legislation| TAGS: , ,

The Electronic Trade Documents Act 2023 received Royal Assent on 20 July 2023, and will come into force on 20 September 2023.  The Act applies to trade documents such as bills of exchange, bills of lading, and ships’ delivery orders, and amends the law so that electronic trade documents are granted the same legal status as physical trade documents, which was not previously the case.

digital publications

HMRC publish RCB 6 (2023) on the VAT liability of digital publications

13 June 2023| CATEGORIES: digital newspapers, HMRC, Supreme Court, VAT rates| TAGS: ,

HMRC have published RCB 6 (2023) which provides an update on the VAT treatment of digital publications following the Supreme Court judgment in the News Corp UK & Ireland Ltd case.  HMRC is writing to organisations that submitted claims for overpaid VAT based on the earlier Upper Tribunal decision to establish whether they intended to proceed with their appeals given the Supreme Court decision.


Digital services providers have global VAT and GST obligations

24 May 2023| CATEGORIES: e-Commerce, VAT, VAT registration| TAGS: , , , ,

The trend for businesses to provide services digitally or online has accelerated significantly in recent years, particularly following the COVID pandemic. The Value Added Tax (VAT) and Goods and Sales Tax (GST) compliance obligations of businesses providing digital or electronically supplied services (ESS) are increasing. Tax authorities increasingly require overseas businesses to register for and charge local VAT/GST on their B2C supplies of ESS.


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