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These Regulations amend the VATA, as amended by the FA 2021, which implemented two VAT simplified accounting schemes (One Stop Shop ((OSS)) and Import One Stop Shop ((IOSS)). These schemes are part of the EU e-commerce package that the UK implemented from 1 July 2021 as part of the NI Protocol. These Regulations come into force on 1 December 2021 alongside the Value Added Tax (Distance Selling and Miscellaneous Amendments) Regulations 2021, SI 2021/1164.

Mexico and Rwanda have joined the Punta del Este Declaration and Yaoundé Declaration respectively, the regional initiatives for tax transparency and exchange of information for tax purposes.

The Chartered Institute of Taxation (CIOT) has published an HMRC Stakeholder Digest (19 October 2021) providing a round-up of the latest news and updates for members, and their customers and clients.

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced this week. Our commentary will be updated in due course to reflect these latest developments.

HMRC has updated its import, export and customs guidance to reflect the post Brexit regime. The update covers the period from 18 October 2021 to 25 October 2021.

25 October 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

HMRC has launched a consultation seeking the public鈥檚 views on the draft regulations to complete the legislation introducing new tax checks on licence renewal applications in England and Wales.

The UK has agreed a route forward to transition away from its Digital Services Tax (DST) towards a new global tax system that will ensure multinationals pay their fair share in the countries where they do business.

The Chartered Institute of Taxation (CIOT) has responded to HMRC鈥檚 consultation on the implementation of the OECD Model Reporting Rules, which require digital platforms to report details of the income of sellers on their platform to the tax authority where the platform is resident, incorporated or managed, and also to the sellers.

The Chartered Institute of Taxation (CIOT) has shared an update from HMRC regarding the current 30-day deadline for updates to trusts鈥� details on the Trust Registration Service (TRS).

These Regulations extend a number of the limits for qualifying excepted estates so that from 1 January 2022 over 90% of non-taxpaying estates will not have to deliver IHT accounts to HMRC before a grant of representation (or confirmation in Scotland) is made.

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The Platform for Collaboration on Tax (PCT) has published a new progress report on its work to support developing countries during the Covid-19 pandemic.

In a written statement to Parliament, Lucy Frazer MP, financial secretary to the Treasury, has confirmed that the Finance Bill 2021鈥�22 will be published on 4 November 2021.

HM Treasury has published its final report following the Net Zero Review as part of its Net Zero strategy. The report considers, amongst a wide range of other policy issues, the material fiscal consequences of the strategy.

These Regulations set out the customs duty, excise duty and VAT rules that will apply for UK free zones. Free zones are special areas for customs purposes which are designated under section 100A of the Customs and Excise Management Act 1979. These Regulations come into force on 8 November 2021.

The Chartered Institute of Taxation (CIOT) has commented on the draft legislation on Residential Property Developer Tax.

The Chartered Institute of Taxation (CIOT) has responded to the HMT鈥檚 consultations on Review of the UK鈥檚 AML/CFT regulatory and supervisory regime and Amendments to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 Statutory Instrument 2022.

18 October 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

HMRC has updated its import, export and customs guidance to reflect the post Brexit regime. The update covers the period from 11 October 2021 to 18 October 2021.