³ÉÈËÓ°Òô

Tax News

European Commission publishes text for the derogation of the UK from EU VAT law in respect of Northern Ireland

Published on: 10 March 2021
Published by a

Specialist Tax Regulatory Materials

news-detailpage-img

Article summary

The European Commission has published a proposal for a Council Implementing Decision to authorise the United Kingdom to continue to apply a derogation from the provisions of Directive 2006/112/EC on the VAT treatment of fuel used in business cars in respect of Northern Ireland.

Jurisdiction(s): England, Northern Ireland, Scotland, Wales and European Union

Popular Articles

Company cars

Company carsIntroductionCompany cars are one of the most common taxable benefits. The rules for calculating the benefit are complex, and the reporting requirements are more onerous than most benefits. Company cars are covered by very specific legislation. Detailed guidance on each of the following

14 Jul 2020 11:15 | Produced by Tolley Read more Read more

Carried-forward losses restriction

Carried-forward losses restrictionOverview of the carried-forward loss restrictionAn important restriction in the use of losses carried forward was introduced by Finance (No 2) Act 2017. Subject to a de minimis of £5m (known as the deductions allowance), most carried-forward losses are restricted to

14 Jul 2020 11:09 | Produced by Tolley Read more Read more

Double tax relief

Double tax reliefWhen income arises in a foreign country to a UK resident company and that income is taxable in that foreign country, the UK may give the company relief for the foreign tax by crediting the foreign tax against the UK tax charged on that income. This might include withholding tax on

14 Jul 2020 11:31 | Produced by Tolley Read more Read more