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HMRC issues updated guidance on VAT self-supply charge

Following the case of Balhousie Holdings Ltd 2021, which took place in the Supreme Court earlier this year, HMRC has issued important revisions to its policy on when the construction VAT self-supply charge will arise in sale and leaseback situations. What happened in the Balhousie

Indonesian tax reform gets the green light

A reform of Indonesia’s tax system is imminent after the country’s house of parliament passed a bill that will introduce several key changes: VAT will be increased as part of a two-stage plan. VAT exemptions will be removed for many goods, leaving only those that

October 2021: 15 top tax updates

Keep up to date with all the latest rate changes and tax announcements from across the world in our latest monthly round-up. With 15 snippets, October 2021 is our largest update ever! 1) Ireland The reduced rate of VAT for the hospitality industry – currently

Bahrain ‘set to increase VAT to 10%’

Bahrain is reportedly planning to double its standard VAT rate to 10% as it seeks to boost state revenue and tackle one of the Middle East’s most severe budget deficits. If it confirms the increase, it will become the second Gulf Cooperation Council (GCC) member

11 VAT changes announced this month

It’s important to keep up to date with the multitude of VAT changes announced by governments and tax authorities around the world every day. Here, we take a look at 11 of the most noteworthy updates confirmed so far this month: 1) UK VAT in