UK Delays Overhaul To Tax Non-Compliance Penalties

by Jason Gorringe, Tax-News.com, London

Thursday, January 20, 2022

HM Revenue and Customs is reforming late-filing and payment penalties to make them fairer and more consistent across taxes. The first stage of these reforms was set to come into effect early this year. However, on January 13, 2022, HMRC postponed the effective dates by nine months to one year. Read Full Story

UK Announces Tax Breaks For Businesses In 2022 Budget

by Jason Gorringe, Tax-News.com, London

Monday, November 1, 2021

With the UK corporate tax rate set to rise 25 percent from April 2023, the UK Government has announced various tax proposals that are intended to support businesses and the UK economy, in the newly released 2022 Budget. Read Full Story

UK Issues Guidance On New Stamp Duty Surcharge On Non-Residents

by Jason Gorringe, Tax-News.com, London

Friday, March 19, 2021

HM Revenue and Customs has recently issued new guidance on the Stamp Duty Land Tax (SDLT) on non-resident buyers of residential property in England and Northern Ireland. Read Full Story

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

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