The announcement from the UK Government that it will delay digital tax reporting reforms has been roundly welcomed by the tax industry.
Tag - United Kingdom
The UK Government has published an updated version of the Finance Bill 2017. Only a limited number of clauses from the original bill were passed earlier this year due to the early election they decided upon.
From August 1st 2017 eBay sellers living in the UK will be contracted and begin paying fees to eBay (UK) Limited instead of the Luxembourg based eBay Europe S.á.r.l. This legal restructuring will have noticeable VAT implications.
Three million of the smallest businesses will be able to move to the new digital system for keeping tax records at a pace that is right for them, Ministers announced today - 13th July 2017 - as they set out the next steps for the Finance Bill.
The UK tax agency - HMRC - should adopt a tolerant approach to penalizing taxpayers who fail to meet the new digital reporting requirements that will be introduced from 2019, tax experts have said.
The Chartered Institute of Taxation (CIOT) has published comments sent to HMRC in response to the consultation ‘Alternative method of VAT collection’.
The European Court of Justice has created a ruling whereby the card game ‘Bridge’ and the alike should be classified as a sport. Despite it technically not being physically active it has been deemed a sport and therefore subject to VAT.'...'
Britain borrowed more than expected in order to balance the nation’s books in the month of April. The UK budget deficit jumped to £10.4bn in April, new figures from the Office for National Statistics show, some £1.2bn more than a year ago...
Sugar-filled soft drinks will see a tax hike in April 2018 in an attempt to combat rising levels of obesity. The money raised will go to the Department for Education (DfE) for school sports.
Airbnb has changed details on its website following a complaint to the Advertising Standards Authority (ASA).
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