UK Tax Intelligence
The week in UK tax.
Curated from 120+ sources. Every Friday morning.
HMRC has updated guidance on VAT payment obligations for One Stop Shop (OSS) scheme returns, clarifying due dates and payment processes for non-EU businesses. This affects VAT compliance deadlines and payment workflows for practices managing OSS-registered clients.
HMRC has published guidance on the approval process for businesses handling vaping products under the new Vaping Products Duty and Vaping Duty Stamps Scheme. Affected businesses must apply for approval and comply with duty obligations, creating a new compliance requirement for clients in the vaping sector.
HMRC has published guidance on Vaping Products Duty and the Vaping Duty Stamps Scheme, establishing new compliance obligations for businesses involved in vaping product supply. Practitioners must understand these duties to advise clients on registration, reporting, and stamp requirements.
Parents must extend Child Benefit claims by 31 August when their child turns 16 and enters qualifying further education or training. Failure to notify HMRC by this deadline will result in loss of Child Benefit entitlement.
Article clarifies treatment of overseas subcontractors within R&D Tax Relief Centre of Excellence eligibility criteria. Practitioners need guidance on qualifying expenditure classification when subcontracting internationally for R&D claims.
Global governments are implementing e-invoicing requirements that increase access to transactional data, creating indirect tax compliance challenges for multinational enterprises. Practitioners must understand regional e-invoicing developments to advise clients on VAT and transfer pricing implications.