NI Protocol replacement unblocks 2022 VAT zero-rating on domestic energy saving supplies for Northern Ireland from 1 May 2023 The UK’s HMRC has confirmed installations of domestic energy saving supplies in Northern Ireland will soon enjoy the same 2022 zero-rating VAT rate as the rest
Continued freezing of UK VAT registration threshold at £85,000 until April 2026 draws in 16,700 small businesses into tax net Today’s UK Autumn Statement (budget) will extend the VAT threshold at £85,000 for a further two years until at least April 2026. This means the
UK Prime Minister candidates review VAT cuts: standard rate from 20% to 15%; energy cut from 5% to 0% Conservative party leadership candidates, and therefore the next Prime Minister of UK, review proposals to cut the reduced VAT rate on domestic energy from 5% to
UK tables legislation to override VAT and customs agreement in Brexit Northern Ireland Protocol On 13 June, the UK government presented domestic legislation, Northern Ireland Protocol Bill, to give it unilateral powers to override certain elements of the Northern Ireland Protocol it signed with the
Following the UK leaving the EU Customs Union and VAT regime, it’s possible on temporary imports to reduce cash payments on custom and VAT Following Brexit, it is possible to apply for a delay or reduction on import VAT and any customs duties you may
COVID-19 hospitality VAT rate cut introduced in July 2020 now withdrawn The UK temporary Value Added Tax rate cut on hospitaliy and tourism has now ended, with the sector now returning the standard VAT rate of 20%. The pandemic cut to support hotels, catering and
Chancellor’s Spring Statement cuts on green VAT and Fuel Duty as inflation hits 6.2% – 30 year high The UK Chancellor, Rishi Sunak, delivered his annual Spring Statement. This included a number of indirect tax measures: The supply with installation of domestic insulation, solar panels
Doubts over post-Brexit Northern Ireland position if UK decides to cut VAT rate on energy or petrol Questions as to the VAT position of Northern Ireland (NI) following Brexit have arisen as the UK debate on a domestic energy or petrol VAT rate cut stirs.
