News
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13 Sep 2010 - VAT Notes 3 plus supplement published
06 Sep 2010 - First Tier Tax Tribunal Decisions UKFTT 363 to UKFTT 390
24 Aug 2010 - First Tier Tax Tribunals UKFTT 352 to UKFTT 361
23 Aug 2010 - Revenue & Customs Brief on reverse charge on emissions allowances
20 Aug 2010 - Longer processing times for Agent Authorisation forms
18 Aug 2010 - First Tier Tax Tribunal Decisions UKFTT 336 to UKFTT 351
17 Aug 2010 - Recent decisions and opinions from the ECJ
Revenue & Customs Brief on reverse charge on emissions allowances
HMRC has published Revenue & Customs Brief 35/10 on the proposed reverse charge for businesses trading in emissions allowances. This was announced in the Spring Budget and is intended to replace the zero-rating introduced to stop an escalation in MTIC fraud in this commodity.
The reverse charge mechanism will come into effect on 1 November 2010. The zero-rating will be withdrawn at the same time.
Draft Legislation
HMRC has published draft legislation: