HMRC’s new powers to tackle electronic sales suppression
The HMRC has issued advice about the new powers and penalties under the Finance Act 2022 to tackle electronic sales...
READ MORENews Corp wins VAT dispute at Upper Tribunal
HMRC has lost an appeal at the Upper Tribunal over zero rated VAT on digital newspapers with the publishers of The Times arguing that digital versions of its newspapers are not a service.
The judge ruled in favour of the newspaper stating ‘that item did not exist in 1991’ - referring to digital newspapers. Currently print newspapers are zero rated for VAT, while all online versions and website subscriptions pay VAT at 20%.
Read more at the Accountancy Daily.
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NICs increase has immediate impact on business
Research of more than 1,100 UK employers by the British Chambers of Commerce has uncovered a series of negative...
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Digital platform reporting rules to start January 2024
New reporting rules for digital platforms will be implemented from 1 January 2024, said the HMRC.
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