In brief: 16 January 2020

Budget

The Budget will take place on 11 March. The Budget representations portal will remain open until 7 February. 

tinyurl.com/hmtb2020

VAT

Notice 708: VAT on buildings and construction has been revised to include the relevant criteria for the two main types of non-residential conversion (section 5.3).

tinyurl.com/hmrcvatn708

The Netherlands

The multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting modifies the 2008 Netherlands/UK double taxation convention with effect from 1 January 2020 for taxes withheld at source in the UK; 1 April 2020 for corporation tax; 6 April 2020 for income tax and capital gains tax; and 1 January 2020 for taxes withheld at source in the Netherlands and other taxes levied by the Netherlands.

tinyurl.com/tntt20

Making tax digital

HMRC has created new guidance on when and how businesses can apply for exemption from digital reporting and record-keeping under the making tax digital for VAT...