Admin burden reduced for UK-resident digital sales platforms
[ad_1] A European Commission regulation ensures that a UK-resident platform hosting EU-resident sellers may only need to report data to HMRC. Reporting rules for digital platforms come into force in the UK on 1 January 2024. These rules require UK-resident digital platforms to report information to HMRC on the activities of sellers based on their […]
ICAEW concerned by burden of plastic packaging tax
[ad_1] In its response to HMRC’s consultation regarding plastic packaging tax, ICAEW noted that compliance costs often exceed the tax liability. ICAEW welcomed HMRC’s recent consultation to consider whether a ‘mass balance approach’ would allow more chemically recycled plastic to be used in plastic packaging, such that it qualifies for relief from plastic packaging tax […]
Charity tax reforms should not overly burden charities
[ad_1] While ICAEW’s Tax Faculty supports HMRC’s efforts to counter the abuse of charity tax rules, any reforms should be proportionate to the issue. Otherwise, the reforms risk deterring volunteer involvement and vital donations to charities. ICAEW’s Tax Faculty responded in ICAEW REP 70/23 to HMRC’s recent consultation on tightening anti-avoidance rules for charities and community […]