- HMRC has released a technical consultation on the Alcoholic Products (Excise Duty) (Amendment) Regulations 2024.
- The draft regulations pertain to administrative details such as approvals, returns, and payments.
- The regulations aim to establish a single digital approval process and digital returns for alcohol duty.
- A digital service for returns and payments is expected to launch on 1 March 2025.
- The regulations will standardize alcohol duty return periods, filing dates, and payment dates.
- The consultation is seeking feedback from stakeholders to ensure the regulations align with policy objectives.
- The consultation period ends on 18 March 2024.
Source: taxscape.deloitte.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "United Kingdom"
- Navigating VAT Challenges in UK Care Homes: Compliance, Risks, and Strategic Planning
- UK Chancellor Considers Increasing VAT Threshold to Boost Business Growth
- Potential VAT Changes for Travel Businesses: UK and EU TOMS Reforms, New Platform Rules
- VAT Fraudster Arif Patel Loses Ferrari and £90m Property Empire in HMRC Crackdown
- Tribunal Rules Separate Supplies in United Carpets Case, Rejects Legitimate Expectation Claim Against HMRC
