ICAEW.com works better with JavaScript enabled.

Highlights from the broader tax news for the week ending 5 July 2023, including: controlling access to the agent services account; Legislation Day; duty reimbursement scheme; new guidance on alcohol duty reliefs; and a new way to access the One Stop Shop Union Scheme.

HMRC webinar on controlling access to the agent services account

An HMRC talking points webinar will look at how to use new functionality - access groups - in the agent services account to manage staff access to client tax records. The webinar will cover:

  • what access groups are;
  • client list and transacting with clients;
  • adding team members;
  • managing access groups;
  • error messages, filters and client references

Register here for one of two dates being offered: 13 and 19 July 2023.

Legislation day - 18 July

Victoria Atkins MP, the Financial Secretary to the Treasury, has announced that the government will publish draft clauses for the next Finance Bill on 18 July. The draft clauses will largely cover pre-announced policy changes, along with accompanying explanatory notes, tax information and impact notes, responses to consultations and other supporting documents. All publications will be available on the gov.uk website.

Duty reimbursement scheme launched

Businesses that have moved goods into Northern Ireland that were deemed ‘at risk’ of moving to the EU may be able to claim a repayment of import duty paid. The business must be able to prove those goods did not move into the EU. A claim for remission of import duty deferred can also be made. Businesses can check their eligibility for the duty reimbursement scheme and, if eligible, make a claim.

Guidance published on alcohol duty reliefs

Alcohol duty is changing from 1 August 2023. Small producers may be able to pay a lower rate of alcohol duty on any product with an alcohol by volume (ABV) of less than 8.5%. Producers should check their eligibility for this relief . Businesses that trade in draught products may also be able to pay a reduced rate of alcohol duty. HMRC has also published guidance on draught relief eligibility.

One Stop Shop Union Scheme

Businesses that use the One Stop Shop Union Scheme to report and pay VAT due on distance sales of goods from Northern Ireland to consumers in the EU can now view and amend their scheme registration details and access the scheme through their HMRC business tax account.

Sign up to TAXwire

Sign up to the Tax Faculty newsletter which provides weekly updates on developments in tax practice and policy.

Register nowFind out more about the Tax Faculty
Tax Faculty

This guidance is created by the Tax Faculty, recognised internationally as a leading authority and source of expertise on taxation. The Faculty is the voice of tax for ICAEW, responsible for all submissions to the tax authorities. Join the Faculty for expert guidance and support enabling you to provide the best advice on tax to your clients or business.