This content is no longer in use on TolleyGuidance
This content is no longer in use on TolleyGuidance

The following Owner-Managed Businesses guidance note Produced by Tolley provides comprehensive and up to date tax information covering:

  • Weekly tax highlights ― 29 November 2021
  • Direct taxes
  • Company cars: advisory fuel rates from 1 December 2021
  • HMRC Stakeholder Digest: 19 November 2021
  • Indirect taxes
  • VAT Import One Stop Shop: notifying changes to HMRC
  • Updated guidance on registering for Plastic Packaging Tax
  • International
  • New Mutual Agreement Procedure statistics released
  • Estonia, the Netherlands, Qatar and Belgium deposit new MLI notifications
  • More...
This content is no longer in use on TolleyGuidance

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Popular Articles

Reduced VAT rate ― supplies of fuel and power

The supply of fuel and power is treated as a supply of goods for VAT purposes. Supplies are fuel and power are normally liable to VAT at the standard rate. However, providing certain conditions are satisfied, it is possible for suppliers to charge the reduced rate of VAT on certain supplies of fuel

22 Dec 2021 18:49 | Produced by Tolley Read more Read more

Exemption ― overview ― items that are exempt from VAT

List of supplies that are exempt from VATThe goods or services that are exempt from VAT are listed under various group headings within VATA 1994, Sch 9.It is important to remember that not all supplies that come within a heading will be exempt from VAT. For example, income from the placing of bets

22 Dec 2021 18:48 | Produced by Tolley Read more Read more

Change in ownership provisions

Restriction of carry forward and carry back of trading lossesFollowing the extensive changes to the loss carry forward provisions introduced from 1 April 2017, the anti-avoidance rules restricting the offset of trading losses following a change in ownership were tightened up and extended.

19 Oct 2021 08:12 | Produced by Tolley Read more Read more