HMRC generative Artificial Intelligence chatbot Beta with help on VAT and other tax questions The UK tax authorities, HMRC, are advancing its generative AI chatbot, GOV.UK Chat, to support users in accessing information on business rules and support, including taxation. Initially tested by 1,000 users,
HMRC updates obligations for platform operators with regards their sellers VAT activities The UK’s HMRC is updating use of data from digital platform operators in the UK of their sellers activities. This will come into effect in November 2024. The changes will enable HMRC to
1 January 2027 UK CBAM levy on imports of carbon intensive goods Following a summer consultation, the UK government confirmed the introduction of carbon border adjustment mechanism (CBAM) from January 2027. CBAM will be a levy on certain carbon-heavy goods being imported into the country.
HMRC to launch public consultation on electronic invoicing to government and businesses The UK Chancellor on 30 October in the Autumn Budget confirmed it will publish a consultation in early 2025 to establish standards and increase the adoption of electronic invoicing. This had already been
Budget confirms 20% VAT on private education and boarding services from 1 January 2025 Anti-forestalling provisions to prevent advance payment VAT avoidance from 29 July 2024 The new UK Chancellor, Rachel Reeves, has confirmed in her Autumn Budget on 30 October 2024 that the government
2025 no change to EU – Northern Ireland Intrastat thresholds The UK’s HMRC has confirmed that there will be no change to the EU – Northern Ireland (NI) Intrastat reporting threshold. The 2024 current arrivals and dispatches exemption, and delivery terms thresholds will be carried
HMRC publishes good practice in relation to VAT accounting and compliance processes The UK’s HMRC has published on 18 September 2024 a wide ranging Guidelines for Compliance (GfC) set of best practises for VAT controls. GfC’s are a series of summaries of HMRC’s views on
Machine learning to spot likely VAT evasion across multiple data sources Tax authorities adopting AI has been underway for several years. But what about the UK? For over a decade, HMRC has used advanced analytics through its Connect system to identify potential cases of wider
Scheduled 1 January 2025 UK-EU customs checks delayed again The UK government is to delay for a seventh time some meat, dairy and plant product customs EU import checks. These were scheduled to come into effect on 1 January 2025 but are now likely to
New guidance on using OSS to report Northern Ireland to EU B2C sales The UK’s HMRC has provided new guidance on how UK or other sellers selling goods B2C between Northern Ireland and the EU may register and report to HMRC via the EU One-Stop
