Indirect Tax
Gary Harley, Head of Indirect Tax, KPMG LLP (UK)
Snapshot
Budget 2009: Indirect Tax Summary
The 2009 budget represents a housekeeping budget with neither revenue generating measures nor tax give-aways.
Probably as a result of the delay in the Budget this year, a number of the indirect tax amendments we would normally have expected to see in the Budget had been preannounced.
Most specifically, the partial exemption simplification and the detail of the anti forestalling legislation pre-empting the reintroduction of 17.5 percent VAT on 1 January 2010 had already been announced.
HMRC are withdrawing a number of concessions including those that currently apply to the option to tax and the second hand car margin scheme; this represents a rationalisation of concessions.
Finance Bill 2009 will also include legislation implementing the changes to the taxation of cross border supplies of services. These will start to take effect from 1 January 2010.
The usual changes to registration limits, fuel scale charges increases in alcohol, oil and tobacco duty etc have also been made.
For more information contact:
Gary Harley
For all Budget press enquiries please contact KPMG's press office on
020 7694 8773.
- VAT: Change of Standard Rate
- VAT: Change of Standard Rate : Anti-forestalling legislation
- VAT Package - Place of Supply, Time of Supply, EC Sales Lists
- Refunds of VAT across EU member states
- VAT Exemption for gaming participation fees and other miscellaneous amendments
- Changes to Opting to tax land and buildings
- VAT Reduced rate for children's car seat bases
- Withdrawal of ESC in relation to Margin Scheme for cars
- VAT: Changes in Fuel Scale Charges
- Increased VAT Turnover Thresholds for Registration and Deregistration
- Increase in duty rates on hydrocarbon oils
- Tobacco Products Duty rate increase
- Increase in duty rates on alcohol
- Withdrawal of the Warehousing For Export Drawback Scheme for Alcoholic Liquors
- Landfill tax - standard rate to rise as expected
- Landfill tax - taxable disposals of waste at landfill sites
- Landfill tax - a consultation exercise on modernising landfill tax
- Climate Change Levy: Restricted Entitlement to Levy Relief for Plastics Sector
- Climate Change Levy: Recovery of relief claimed where a facility is in a sector which has not met its targets
- Climate Change Levy: Relief Withdrawn on Low Value Solid Fuel
- Amusement Machine Licence Duty: changes to rates and machine categories
- Changes to Customs powers
- Review of HMRC Powers, Deterrents and Safeguards
- HMRC Charter
