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
7 August 2024| CATEGORIES: Private school fees, standard rated, VAT| TAGS: 20%, school fees, UK, VAT change
The government has announced that from 1 January 2025 private school fees will be subject to VAT at the standard rate of 20%. Boarding services provided by a private school will also be subject to VAT at 20%. Anti-forestalling measures will be introduced to prevent VAT avoidance.
5 October 2022| CATEGORIES: hospitality and tourism, VAT, VAT refund, VAT-free shopping| TAGS: Growth Plan 2022, shopping, tax-free, UK, VAT-free
UPDATE: The new Chancellor Jeremy Hunt has reversed this tax measure announced by his predecessor.
