- The VAT registration threshold remains unchanged, contrary to expectations.
- Immediate removal of restrictions on including overseas establishments in UK VAT groups; businesses can reclaim overpaid reverse charge VAT.
- Low Value Consignment Relief (LVCR) will be phased out from March 2029 to address revenue loss and unfair competition, with new customs and VAT rules to follow.
- From April 2026, VAT relief at zero rate will apply to businesses donating goods to charities for free redistribution, encouraging donations over landfill disposal.
- Changes to the Tour Operators Margin Scheme will prevent Private Hire Vehicle Operators from exploiting VAT rules, ensuring fairer competition with traditional taxi drivers.
Source: carpenterbox.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"
- Court of Appeal Confirms FTT’s Supervisory Role in Input VAT Recovery: FS Commercial v HMRC
- Key VAT Risks for Local Authorities in Temporary Accommodation Over 28 Days
- FTT Allows Late VAT and Penalty Appeals by EMWM Due to Fairness and Proportionality Considerations
- FTT Rules Product Photography Costs Attributable Solely to Taxable Retail Supplies in VAT Dispute
- HMRC Collection – Selling goods using an online marketplace or direct to customers in the UK
