Displaying 1-30 of 51 results
Tax news in brief 18 September 2024
- Sep 2024
- ICAEW Insights
Highlights from the broader tax news for the week ending 18 September 2024, including: HMRC pillar two guidance; an update to the system for providing information in support of a claim for R&D tax relief; and new VAT legislation relating to caravans.
Tax news in brief 11 September 2024
- Sep 2024
- ICAEW Insights
Highlights from the broader tax news for the week ending 11 September 2024, including: new tax exemptions for compensation payments and benefits; new guidance from HMRC on applying for an SDLT refund; and a one-to-many campaign from HMRC focusing on businesses that hold a duty-free spirit approval.
INSIGHTS VIEWPOINT
Tax news in brief 26 June 2024
- Jun 2024
- ICAEW Insights
Highlights from the broader tax news for the week ending 26 June 2024, including: HMRC guidance on temporary issues with the customs declaration service; and a summary of international tax developments.
Tax news in brief 15 May 2024
- May 2024
Highlights from the broader tax news for the week ending 15 May 2024, including: new guidelines for compliance to help with capital allowances claims; suggestions from the IFS on how to reform IHT; and a reminder for exporters on the move to the CDS.
Exports: when do you need additional customs paperwork?
- Mar 2024
- ICAEW
Depending on the sector and the goods being shipped, additional documentation commitments may also exist, so it’s important to understand your business’s specific obligations and, if using a customs agent, whether they can support these needs.
Exporting goods: how to nail the paperwork
- Mar 2024
- ICAEW
Greater international trade will have huge economic benefits for the UK, but red tape is putting many companies off the process. Here’s what you need to know.
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TAX FACULTY
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UK exporters must switch to CDS by June
- Mar 2024
- ICAEW
The deadline to transition from using CHIEF to CDS for export declarations has been extended to 4 June 2024. Businesses are advised to switch early to avoid potential disruption.
Tax news in brief 28 February 2024
- Feb 2024
Highlights from the broader tax news for the week ending 28 February 2024, including: a new income tax exemption for the Champions League final, tips from HMRC on paying PAYE and filing an ATED return; and the EU’s new digital system for union goods.
Tax news in brief 7 February 2024
- Feb 2024
Highlights from the broader tax news for the week ending 7 February 2024, including: an update from HMRC on postmasters and self assessment; the transition to CDS for exports; and consultations on changes relevant to alcohol duty and legacy public service pension schemes.
Tax news in brief 17 January 2024
- Jan 2024
Highlights from the broader tax news for the week ending 17 January 2024, including: more on the Customs Declaration Service; an update for insolvency practitioners on the VAT deregistration process; a reminder for taxpayers to use the HMRC app to find employment information; and the publication of further pillar two guidance.
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TAX FACULTY
TAX NEWS
Government responds to three consultations on customs measures
- Dec 2023
- ICAEW
The responses set out next steps on measures to simplify customs import and export processes for traders.
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TAX FACULTY
TAX NEWS
Prepare for customs controls on imports from Ireland
- Nov 2023
- ICAEW
Some goods will face customs controls from 31 January 2024 when moving directly from Ireland to Great Britain.
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TAX FACULTY
TAX NEWS
HMRC provides update on forthcoming Single Trade Window
- Nov 2023
- ICAEW
The first phase of the service to make border processes simpler will be available for public use in 2024.
Tax news in brief 15 November 2023
- Nov 2023
Highlights from the broader tax news for the week ending 15 November 2023, including: removal of paper VAT1 form; changes to customs rules; Scottish Budget date; Welsh Budget publication; and a new Financial Secretary to the Treasury.
How to reinvigorate the UK’s international trade performance
- Nov 2023
- ICAEW
The UK’s international trade activity is falling behind that of its economic peers. Here, we examine what changes are needed from policymakers and business to close that gap and why chartered accountants are so well-placed to help them.
Tax news in brief 4 October 2023
- Oct 2023
Highlights from the broader tax news for the week ending 4 October 2023, including: extension of trader support service; construction industry reverse charge webinar; advance valuation ruling service; new assurance of remittances toolkit; and SAO guidance.
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TAX FACULTY
TAX NEWS
ICAEW comments on the future of customs declarations
- Sep 2023
- ICAEW
ICAEW welcomes the exercise to simplify customs declarations, but cautions against changes with unintended consequences.
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TAX FACULTY
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HMRC announces phased approach to CDS export migration
- Aug 2023
- ICAEW
Most businesses will now have until 30 March 2024 to migrate from the customs handling of import and export freight (CHIEF) system.
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TAX FACULTY
TAX NEWS
HMRC to remove XI EORI numbers from some businesses
- Jul 2023
- ICAEW
Businesses should act now if they need to keep or restore their XI EORI number to move goods into Northern Ireland.
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TAX FACULTY
TAX NEWS
HMRC continues to consult on border processes
- Jul 2023
- ICAEW
Calls for evidence launched on temporary admission and the future of customs declarations.
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TAX FACULTY
TAX NEWS
Sign up to UK Internal Market Scheme by 31 July says HMRC
- Jul 2023
- ICAEW
HMRC is writing to all holders of the UK Trader Scheme (UKTS) authorisation to inform them of the upcoming actions they need to take because of the Windsor Framework.
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TAX FACULTY
TAX NEWS
Developing Countries Trading Scheme launched
- Jun 2023
- ICAEW
The new Developing Countries Trading Scheme replaces the UK Generalised System of Preferences.
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TAX FACULTY
TAX NEWS
UK Internal Market Scheme replaces UK Trader Scheme from September
- Jun 2023
- ICAEW
The Internal Market Scheme will replace the UK Trader Scheme on 30 September 2023. It will allow traders moving goods to Northern Ireland from Great Britain to demonstrate that the goods are not at risk of moving to the EU.
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TAX FACULTY
TAX NEWS
HMRC launches advance valuation ruling service
- May 2023
- ICAEW
The new service will provide traders with legal certainty on their valuation method for imported goods.
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TAX FACULTY
TAX NEWS
Customs Declaration Service: have you been charged twice?
- Mar 2023
- ICAEW
A recent major incident with the service has caused some declarants to make import declarations twice, meaning taxpayers may have been charged twice for the same movement.
Tax news in brief 8 February 2023
- Feb 2023
Highlights from the broader tax news for the week ending 8 February 2023
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TAX FACULTY
TAX NEWS
Transitioning to the Customs Declaration Service before 30 November 2023
- Feb 2023
- ICAEW
HMRC is writing to businesses that complete export declarations to make them aware of key dates for transitioning export declarations to the Customs Declaration Service.
FACULTIES ONLINE
TAX FACULTY
TAX NEWS
HMRC announces delay to the closure of CHIEF system
- Dec 2022
- ICAEW
The system will now close to export declarations on 30 November 2023.
FACULTIES ONLINE
TAX FACULTY
TAX NEWS
ICAEW forms duties subcommittee
- Nov 2022
- ICAEW
New Tax Faculty group to focus on customs and excise duties as well as other related indirect taxes such as plastic packaging tax.
Tax news in brief 9 November 2022
- Nov 2022
Highlights from the broader tax news for the week ending 9 November 2022, including: the latest ABAB survey report; reporting COVID-19 payments; customs valuation guidance; the HMRC app; and the VAT treatment of parking in country parks.
Displaying 1-30 of 51 results
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