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Highlights from the broader tax news for the week ending 4 October 2023, including: extension of trader support service; construction industry reverse charge webinar; advance valuation ruling service; new assurance of remittances toolkit; and SAO guidance.

Support service extended for businesses trading with Northern Ireland  

The trader support service (TSS), which helps businesses move goods between Great Britain and Northern Ireland, has been extended until December 2024. The TSS ensures traders do not have to use specialist software to make certain declarations for the movement of goods. It also provides guidance and training to businesses on what the Windsor Framework means for them. 

HMRC webinar on construction industry reverse charge 

HMRC is providing a webinar for VAT-registered businesses operating in the construction sector on how to apply the VAT reverse charge for construction services. The webinar will run at 1.45pm on Tuesday 14 November. Businesses can sign up here

Advance valuation ruling service now available to all traders 

Agents who represent traders who cannot use a business tax account can now use HMRC’s advance valuation ruling service. The service provides traders and agents with legal certainty on the valuation method for imported goods, for a period of three years. The ruling service has been operating since April 2023 but was previously only accessible through the business tax account. 

Assurance of remittances toolkit 

HMRC has released a new toolkit to help agents and advisers to help assess whether clients have made taxable remittances to the UK. The toolkit outlines areas of risk and also includes a checklist for users in determining whether remittances to the UK have been made.  

Senior accounting officer guidance 

On 22 August, HMRC amended its guidance to add the construction industry scheme (CIS) and land transaction tax (LTT) to the list of taxes falling within the senior accounting officer (SAO) provisions. On 11 September, LTT was removed from the list and on 25 September, CIS was removed.   

HMRC received a number of enquiries regarding whether CIS obligations fall within the scope of the SAO regime. Its initial analysis of Sch 46, Finance Act 2009, led HMRC to conclude that, under paragraph 14(3), CIS obligations are included within the scope of the SAO rules. However, based on stakeholder feedback, HMRC has undertaken further analysis and accepts that its original conclusion regarding CIS was wrong. HMRC has therefore amended the guidance again to remove the reference to CIS. HMRC apologises for the confusion this has caused.  

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