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COVID-19 hospitality VAT rate cut introduced in July 2020 now withdrawn The UK temporary Value Added Tax rate cut on hospitaliy and tourism has now ended, with the sector now returning the standard VAT rate of 20%.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.
UK extends MTD digital record-keeping and filing obligations to 1.1 million taxpayers from 1 April 2022; builds on phase II, April 2021 The requirements around digital VAT record keeping and submissions through MTD-compatible software to HMRC are to be extended to around 1.1 million small
Uber imposes 20% VAT following High Court employment case upheld it as a contractor rather than agent Ride sharing platform, Uber, will start to impose 20% Value Added Tax from 23:55 on 14 March 2022. This follows a December 2021 UK High Court ruling on
€2.7 billion potential fine – ECJ finds UK “failed to fulfil its obligations” failing to collect proper customs duties The British government faces paying a hefty charge to the EU after the European court of justice ruled it had been negligent in allowing criminal gangs to
VAT cut may be announced prior to 7 Feb price cap rise The UK government is coming under pressure to cut the reduced VAT rate on domestic fuel from 5% to zero as inflation hits a 30-year high. Any change is likely to be announced
