Latest news on the UK tax system, brought to you by the ICAEW Tax Faculty.
27 August: HMRC’s plans to tackle abuse of the construction industry scheme (CIS) would create a burden disproportionate to the relatively small amount of revenue at stake and affect many compliant businesses, ICAEW has warned.
18 August: Two new publications from HMRC outline its approach to collecting tax debt and highlight the importance of early discussions with debt management when problems are anticipated.
11 August: The VAT treatment of imported goods is changing from 1 January 2021 following the end of the transition period. HMRC has started to issue guidance on the changes.