Policy papers and consultations

This brief explains the VAT treatment of voluntary carbon credits from 1 September 2024, including the voluntary carbon credits that will be in the scope of the Terminal Markets Order.

• From: HM Revenue & Customs
• Updated: 9 May 2024

• Revenue and Customs Brief — VAT treatment of voluntary carbon credits

  Purpose of this Brief This brief explains: the VAT treatment of voluntary…

This brief explains that businesses can choose if they want to apply the Tour Operator’s Margin Scheme (TOMS) to business to business wholesale supplies.

• From: HM Revenue & Customs
• Updated: 18 April 2024

• Tour Operators’ Margin Scheme for business to business (B2B) wholesale supplies

  Purpose of this brief This brief clarifies HMRC’s technical position on…

This tax information and impact note is about reform of tax penalties and HMRC interest harmonisation.

• From: HM Revenue & Customs
• Updated: 6 March 2024

• Interest harmonisation and penalties for late payment and late submission

  Who is likely to be affected This measure will affect those who are…

• Draft legislation (accessible version)

  Minor VAT amendments (1) In Part 2 of Schedule 54A to FA 2009 (further…

This brief explains the VAT liability of the live streaming of funeral, burial or cremation services.

• From: HM Revenue & Customs
• Updated: 29 February 2024

This brief explains HMRC's policy on the changes to the VAT exemption of all domestic service charges from 1 November 2018.

• From: HM Revenue & Customs
• Updated: 7 September 2018

This measure deals with changes to the late payment penalty regime following consultation.

• From: HM Revenue & Customs
• Updated: 6 July 2018

This Tax Information and Impact Note explains a change to UK VAT law on prompt payment discounts to bring it into line with EU VAT law.

• From: HM Revenue & Customs
• Updated: 19 March 2014