United Kingdom News

EU Sizes Up Impact Of New UK Free Trade Deal
by Jason Gorringe, Tax-News.com, London
Monday, February 15, 2021
The European Union has released its Winter 2021 Economic Forecast, which says that Brexit will dent UK economic growth considerably, and more than for the European Union, despite the new free trade deal between the two parties. Read Full Story

Norway Issues VAT Regulation In Response To Brexit
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, December 22, 2020
Norway intends to provide value-added tax administrative relief measures to UK businesses in response to Brexit. Read Full Story

UK, Mexico Sign Continuity Trade Deal
by Jason Gorringe, Tax-News.com, London
Tuesday, December 22, 2020
On December 15, 2020, the UK and Mexico signed a trade continuity agreement that will apply when the Brexit transition period ends. Read Full Story

UK Eyeing VAT Rule Changes For Sharing Economy
by Jason Gorringe, Tax-News.com, London
Tuesday, December 22, 2020
The UK Government is inviting input on the tax challenges associated with the rise of the sharing economy. Read Full Story

UK, Canada Sign Post Brexit Continuity Agreement
by Mike Godfrey, Tax-News.com, Washington
Thursday, December 10, 2020
Canada and the UK have formally signed a post-Brexit trade continuity agreement that will apply from January 1, 2021. Read Full Story

EU Seeking Sanctions Against UK Over Tax Rules On Marked Fuels
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, December 10, 2020
The EU has referred the UK to the Court of Justice over its failure to comply with EU rules on marked fuel. Read Full Story

UK Taxpayers May Arrange Payment Of Deferred VAT In 2021
by Jason Gorringe, Tax-News.com, London
Monday, November 30, 2020
HM Revenue and Customs has confirmed that UK businesses who wish to pay their deferred VAT liabilities in installments will be able to decide a payment schedule early next year. Read Full Story

UK, Canada Sign Post-Brexit Continuity Trade Deal
by Jason Gorringe, Tax-News.com, London
Monday, November 30, 2020
Canada and the UK have announced the successful conclusion of negotiations on an interim trade agreement, which will be in place as they work toward a comprehensive post-Brexit free trade deal. Read Full Story

UK To Offer Expanded Annual Investment Allowance Until 2022
by Jason Gorringe, Tax-News.com, London
Tuesday, November 17, 2020
The UK Government has announced that the temporary GBP1m (USD1.31m) cap for the Annual Investment Allowance (AIA) will be extended until January 1, 2022. Read Full Story

UK May Double Capital Gains Tax Burden
by Jason Gorringe, Tax-News.com, London
Tuesday, November 17, 2020
More closely aligning UK capital gains tax (CGT) rates with income tax rates could raise significant revenues for the UK, a government-commissioned review has concluded. Read Full Story
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