Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
This analysis is part of the Lexis®PSL Tax team’s summary of the Spring Budget 2017. Some of the links require a LexisPSL subscription. If you are not a subscriber, you can take a free trial here.
The government has announced the rates that will apply for the purposes of the soft drinks industry levy. The levy was announced at Budget 2016 and will need to be paid by producers and importers of soft drinks with added sugar (see News Analysis: Budget 2016—what will the sugar levy mean in practice?). The levy will be charged on volumes according to total sugar content and will apply from 6 April 2018. The main rate charge for drinks above 5 grams of sugar per 100 millilitres will be 18 pence per litre and the higher rate for drinks with more than 8 grams of sugar per 100 millilitres will be 24 pence per litre. The levy is included in draft FB 2017 (clauses 51–78 and Schedules 15–17) but following consultation, the legislation has been revised to include a criminal offence for evasion of the levy (in addition to some other minor changes).
See: Spring Budget 2017 (para 3.37) and OOTLAR (para 1.33).
The government will remove the VAT use and enjoyment provision for mobile phone services provided to consumers. This will resolve the inconsistency where UK VAT is applied to mobile phone use by UK residents when in the EU, but not when outside the EU. It will also ensure mobile phone companies are unable to use the inconsistency to avoid UK VAT. This removal will bring UK VAT rules into line with the internationally agreed approach. Secondary legislation to effect the change, together with a TIIN, will be published before the parliamentary summer recess.
See: Spring Budget 2017 (para 3.47) and OOTLAR (para 2.29).
From 1 April 2017 the VAT registration threshold will increase from £83,000 to £85,000 and the deregistration threshold from £81,000 to £83,000, in line with inflation. The registration and deregistration threshold for relevant acquisitions from other EU Member States will also be increased from £83,000 to £85,000 from 1 April 2017, in line with the VAT registration threshold.
See: Spring Budget 2017 (para 3.36), OOTLAR (para 2.27) and
Access this article and thousands of others like it free by subscribing to our blog.
Read full article
Already a subscriber? Login
0330 161 1234