Specialist Tax Regulatory Materials
HMRC and HM Treasury have launched a joint consultation on potential simplifications to customs declarations and the use of technology to facilitate declarations and other customs processes.
Jurisdiction(s): England, Northern Ireland, Scotland and Wales
Payment of the remittance basis chargeRemittance basis chargeThe remittance basis charge is an annual charge payable by 鈥榣ong-term鈥� UK residents for the privilege of claiming the remittance basis.Taxpayers who wish to utilise the remittance basis (but do not qualify for it automatically) must pay
Reverse charge 鈥� buying in services from outside the UKThis guidance note covers the reverse charge that applies to services that have been bought in from outside the UK. For an overview of VAT and international services more broadly, see the International services 鈥� overview guidance note. For
Non-trading deficits on loan relationshipsOverview of non-trading deficits (NTDs)When a company鈥檚 debits on its non-trading loan relationships and derivative contracts in an accounting period exceed the credits on its non-trading loan relationships and derivative contracts in the same period (the
