Tag - United Kingdom

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UK - Nesquik Zero Rating Decision

February 14th saw Nestlé UK Limited lose an appeal made to the UK’s Upper Tribunal Tax Court  regarding the VAT rating of their strawberry and banana flavoured Nesquik powders. The case provides an excellent example (once again) of the complications and oddities that can arise in the VAT realm.

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UK - Making Tax Digital

HMRC - the UK tax office - is looking to recruit businesses to take part in a Making Tax Digital trial. The scheme is scheduled to begin in April 2018, with a selected number of businesses being given the opportunity to submit their VAT returns via the new system. HMRC will monitor the progress of the VAT returns to ensure the system is working as expected before the new service is opened more widely.

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UK - Small Business VAT Burden Concern

Data published by the UK tax office - HMRC - has revealed that VAT now accounts for 21% of the Revenue’s overall tax take. The latest figures show that VAT receipts total £124 billion - a 16% rise when compared to figures recorded during the 2008 recession.

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UK - VAT on Safety Products

A high-profile campaign has been launched to abolish VAT on all safety products and services that go into UK homes.

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UK - eBay VAT Obligation Reminder

As part of their work with the UK tax office (HMRC) to prevent tax evasion, eBay have emailed sellers about their VAT obligations.

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UK - VAT Relief for Sporting Associations Removed

The UK tax office - HMRC - has issued a brief to inform taxpayers that the concession enabling clubs to treat affiliation fees as exempt from VAT will be withdrawn with effect from 1 April 2018. You can read the full brief here while a summary is to follow.

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UK - Record VAT Receipts

December 2017 saw Britain record its smallest budget deficit in 17 years as VAT receipts reached a record and the Treasury received a large credit from the European Union.

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UK - HMRC Praised

The UK's Public Accounts Committee has published its annual report into the performance of the UK tax agency, HM Revenue and Customs (HMRC).

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UK - Pressure on HMRC

With the planned introduction of the Fulfilment House Due Diligence Scheme (FHDDS) this year, the Chartered Institute of Taxation (CIOT) has put pressure on the government to re-appraise the directive to ensure that businesses who may appear non-compliant through administrative errors are not heavily penalised as a result.

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UK - Online Fraud Report

In a report published on 6th December the Public Accounts Committee (PAC) - a select committee of MP’s responsible for overseeing government expenditure - concluded that online fraud was “now too vast a problem for the Home Office to solve on its own”.

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