A number of consultations and discussion documents have been issued
Recently issued consultations and discussion documents include:
The consultation has a very short deadline, closing on 9 November, and is a review of the business energy efficiency tax landscape.
The broad concerns are that overlapping reliefs are causing confusion and resulting administrative burdens while not achieving the aim of cutting carbon emissions.
The consultation starts by asking if you agree with the principle of moving away from the current system of overlapping policies towards one where a single business/organisation faces one tax and one reporting scheme.
The paper is open for comment until 16 December and highlights the need for modernising the guidance.
It is an important consultation to consider given recent case law. The paper highlights that the government has identified a number of principles that any new set of rules should try to uphold.
These principles are:
The European Union Consultation on VAT runs until 18 December and is part of the ongoing assessment of the new rules for VAT payments on cross-border telecommunications, broadcasting and electronic services (VATMOSS), which came into force earlier in the year.
The consultation highlights that the 'Commission will propose simplification measures for small business including an appropriate threshold'.
Proposals include:
Other consultations and discussion papers include:
You can access the consultations at the GOV.UK website through the filters for HMRC and the Treasury.
You can send also your views on the above to advisory@accaglobal.com.