EU Carbon Boarder Adjustment Mechanism (CBAM) - a practical overview

The UK implemented a major change to its system of alcohol taxation on 1 August 2023. The revised taxation regime includes 2 new duty reliefs for alcoholic beverages, Small Producer Relief and Draught Relief, which can be claimed by non-UK producers. Non-UK producers can potentially claim significant discounts on their UK excise duty by using these reliefs.

If you are faced with the civil penalty regime, it is essential to take appropriate professional advice. The 4 Eyes team has considerable experience in navigating the pitfalls and in securing a favourable outcome.

Hold the bubbles for now but bring on the August fizz!

UK businesses are falling foul of the new Plastic Packaging Tax and HMRC will soon start penalising non compliance.

UK-Aus free trade agreement goes live!

Edition 5 of the EEA newsletter. Your one stop shop for the latest in European excise news.

A-UKFTA good news for UK drinkers and Australian producers or importers

How much VAT will need to be charged on drinks containers and what will happen to refunds where containers are subsequently recycled?

The UK has completed negotiations to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), one of the largest free trade areas in the world.

A way forward for Northern Irish trade.

Happy birthday to the not so “simple tax”

Plastic Packaging Tax is new to the UK. The rates are going up as are the penalties for non compliance but opportunities exist to mitigate your exposure.

HMRC has relaxed its policy on VAT refunds to non-EU overseas businesses, where certificates of status have not been available by the relevant deadline.

HMRC has published a new Notice setting out further details for registrations under the VAT One-stop Shop scheme.

Since the UK is no longer a Member State of the EU, all movements from any EU country to the UK (except Northern Ireland) are treated as exports from the EU.

HMRC has announced that late filing and late payment penalties are to be waived for one month for Self-Assessment taxpayers.

HMRC have agreed that ARC numbers can be presented in the form of an electronic document (but NOT a text message) from 01 May 2022

The temporary reduced rate of VAT for tourism and hospitality ended on 31 March 2022. HMRC has updated its guidance accordingly.

There were 36 different types of flapjacks to be considered and to fully understand the matter the tribunal judges offered to eat a sample from each one of the disputed categories!