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HMRC has updated its import, export and customs guidance to reflect the post Brexit regime. The update covers the period from 28 June 2021 to 5 July 2021.

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

HMRC has published new guidance which details when taxpayers may need to make a change to their self-assessment tax return for SEISS payments, and how to do it.

HMRC has updated its guidance to add new sections on the Compliance Risk Management framework, Business Risk Reviews and large business consultation forums.

HMRC has updated its guidance on how to make a de minimis claim for extended loss carry-back claims for companies.

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.

The Office of Tax Simplification (OTS) has published a policy paper to set out a vision for how government could make tax easier for people through making better use of data held by third parties, such as bank interest, and the steps that would need to be taken towards making it a reality.

Draft Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) Regulations 2021 have been published.

HMRC has published a new VAT Brief which explains claims of VAT refunds for overseas businesses not established in the EU where there has been difficulty getting a certificate of status.

130 countries and jurisdictions have joined a new two-pillar plan to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate.

HMRC has published new guidance on how to register for the One Stop Shop (OSS) Union scheme to report and pay VAT due on distance sales of goods from Northern Ireland to consumers in the EU.

The Supreme Court has unanimously dismissed the appeal of HM Revenue and Customs (HMRC) and upheld the decision of the Court of Appeal to quash the follower notice handed to Mr Haworth during 2016 with regards to the ‘round the world’ arrangements he entered into for his 2000–01 tax return. Adam Craggs and Constantine Christofi, partner and senior associate respectively at RPC, and Andrew Hubbard, editor-in-chief of Taxation at ÀÏ˾»úÎçÒ¹¸£Àû comment on the judgment.

These Regulations amend the Value Added Tax (Miscellaneous Amendments and Repeals) (EU Exit) Regulations, SI 2021/714 by substituting 1 August 2021 as the date on which those Regulations come into force.

These Regulations have extended for six months the duration of a waiver from the obligation to submit pre-arrival safety and security entry summary declarations for imports from territories where such a declaration was not required before the UK’s exit from the EU. They also provide a waiver from the requirement to submit exit summary declarations for two categories of goods.

HMRC has updated its guidance to reflect a further extension of the 90 day window within which an option to tax can be notified.

The UK and Austria have agreed an extension of the period covered by the mutual agreement reached in August 2020.

HMRC has updated VAT Notice 700/46: Agricultural Flat Rate Scheme, to include new updates on leaving the scheme.

These Regulations bring into force the bulk of the provisions in FA 2021 Sch 18 related to VAT and distance selling from 1 July 2021. Schedule 18 implements Council Directive (EU) 2017/2455 so far as relevant to the UK’s obligations under the Ireland/Northern Ireland Protocol. These are the first appointed day Regulations made under FA 2021 s 95.

HMRC has published a paper setting out its approach to collecting tax debts and supporting taxpayers as the UK emerges from the coronavirus (COVID–19) pandemic.

HM Treasury has launched a consultation to seek views on a more frequent revaluations cycle for business rates.