31 August 2021
The UK government will be applying the expanded version of the OECD reporting rules as advised by HMRC for digital platforms. HMRC is planning to implement the Organization for Economic Co-operation and Development (OECD) Model Reporting Rules for Digital Platforms as per the new consultation. It says that, probably from…
31 July 2021
Here we have the information about the CIS penalties that will be imposed to get registered for payment under deduction or gross payment status within the Construction Industry Scheme (CIS) if either of the following is done: Supplied false information Provided false documents Registration Conditions Subcontractors must provide business and…
Check Employment Status for Tax (CEST) tool can be used to find out if a worker should be classified as employed or self-employed for tax purposes. This tool gives you the HMRC’s view of a worker’s employment status based on the information you provide. We can also use this tool…
Nowadays, electric vehicle charging points usage is becoming more common in public places as the use of Electric vehicles is increasing. HMRC has clarified the rules in the below specific cases as they received requests from businesses and business representatives: The VAT should be charged at a reducing rate if…
12 July 2021
The new rules are valid from 1st July 2021, and they refer to the abolition of VAT exemptions for small value shipments. Specifically, it refers to goods worth €22 or less and a new special scheme for the distance selling of goods, where the goods are estimated at €150 or…
