24 September 2024| CATEGORIES: e-invoicing, HMRC consultation| TAGS: e-invoicing, HMRC, UK
The Chancellor Rachel Reeves has outlined a package of reforms to improve the UK’s tax system. HMRC are to launch a consultation on electronic invoicing (e-invoicing) to promote its wider use across UK businesses and government departments. Additional HMRC compliance staff are being recruited to help close the tax gap
21 August 2024| CATEGORIES: VAT legislation, VAT OSS| TAGS: HMRC, OSS, VAT
HMRC has updated the VAT One Stop Shop (OSS) and Import One Stop Shop (IOSS) section in its Manual on VAT Tertiary Legislation. The update includes a new section to let OSS registered businesses know how and when to notify HMRC if they no longer make eligible supplies under the scheme.
10 July 2024| CATEGORIES: HMRC, Online VAT tool, VAT registration| TAGS: HMRC, Online tool, VAT registration estimator
HM Revenue and Customs (HMRC) has launched a digital tool to help businesses estimate what registering for VAT may mean for them. The VAT Registration Estimator has been developed after feedback from small businesses suggested an online tool would be helpful to show when their turnover could require businesses to register for VAT and its effect on profits.
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.
6 March 2024| CATEGORIES: customer service, HMRC| TAGS: customer service, HMRC, PAC report
A Public Accounts Committee (PAC) report into HMRC performance in 2022-23 has concluded that the level of customer service at HMRC “has reached an all-time low”. The Committee received an unprecedented number of written submissions about HMRC’s performance, demonstrating the extent of taxpayers’ dissatisfaction over the quality of services and the impact on businesses.
27 February 2024| CATEGORIES: e-Commerce, EU VAT, HMRC, IOSS| TAGS: e-commerce, HMRC, IOSS, Northern Ireland
From 1 March 2024, businesses in Northern Ireland or Norway, which sell low-value goods imported from outside the EU and Northern Ireland to customers inside those regions can register with HMRC to use the import one stop shop (IOSS) system. Currently, Northern Irish businesses are only able to register for the IOSS in an EU member state.
13 June 2023| CATEGORIES: digital newspapers, HMRC, Supreme Court, VAT rates| TAGS: HMRC, VAT
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.
28 April 2023| CATEGORIES: Exports, Uncategorised, VAT, zero rate| TAGS: Exports, HMRC, New guidance, zero rate
HMRC have recently updated guidance in Notice 703 to clarify what is considered to be satisfactory evidence to zero rate exports. Businesses that export goods should review the guidance to ensure their record keeping meets these standards.
20 April 2023| CATEGORIES: Customs, Spring Budget 2023, VAT| TAGS: Customs, HMRC, Spring Budget 2023, VAT
The Chancellor of the Exchequer, Jeremy Hunt, presented the Spring Budget to the House of Commons on 15 March 2023. This article looks at the main points of interest from a VAT and Customs perspective. The full set of Spring Budget 2023 documents are available here.
25 November 2022| CATEGORIES: VAT refund| TAGS: electronic, HMRC, VAT refund
Non-UK businesses can now opt to make UK VAT refund claims electronically. The claims are submitted electronically using HMRC’s Secure Data Exchange Service (SDES) system. The system is optional and there are no immediate plans to make it mandatory.
