Value added tax

  • Fulfilment house due diligence scheme: to be introduced from a date to be set by regulations, expected to be in 2018.
  • Making Tax Digital: power for HMRC to make regulations for digital record keeping and reporting by businesses for VAT purposes, expected to come into force from 6 April 2018.
  • Penalties for transactions connected with VAT fraud: new penalty from Royal Assent.
  • Disclosure of tax avoidance schemes: primary responsibility for disclosure moved from users to promoters, and rules extended to various other indirect taxes from 1 September 2017.
  • Zero-rating of motor vehicles adapted for wheelchair users: conditions tightened from 1 April 2017.