04/05/15: HMRC Excise Payment Security System (‘EPSS’)

3rd May 2015

Hidden away within HMRC’s website and not widely advertised by HMRC is the Excise Payment Security System (EPSS) which allows businesses to defer payment of excise duty on goods without the need to lodge a guarantee with HMRC. To apply for EPSS you have to satisfy certain criteria including being VAT registered with HMRC for […]

04/04/2015: HMRC Charges for Anti-Money Laundering Changes

4th April 2015

HMRC charges for Anti Money Laundering will change from 1 April 2015. The charges will be: a new non-refundable charge of £100 for businesses applying to join the register; an increase in the non-refundable charge to conduct a fit & proper persons test from £50 to £100 per test; the end of the transitional cap […]

25/03/15: Lorry Driver Jailed for Alcohol Fraud

4th April 2015

A lorry driver caught attempting to smuggle 63,342 litres of alcohol into the UK, evading £90K in duty and taxes had been jailed after an investigation by HMRC. HMRC say excise evasion is a serious offence.  HMRC will often limit their action to seizure of the vehicle,consignment and the issue of excise duty assessments and […]

09/02/15: HMRC Publish Details of the Proposed Registration of Alcohol Wholesalers Scheme

9th February 2015

HMRC have recently published detailed proposals regarding the Alcohol Wholesalers Registration Scheme to be introduced in the Finance Bill 2015. All businesses buying and selling alcoholic drinks for wholesale will be affected, whether new or existing businesses in this trade sector. The measures will take effect from 1st October 2015 from when alcohol wholesalers will […]

06/02/15: M&R Tax Advisers Victory in Micro Brewery Case

6th February 2015

M&R Tax Advisers have been engaged by a ‘micro brewery’ to challenge conditions imposed by HMRC upon its Producer and Holder of Beer approval whereby HMRC limited the micro brewery to supplies from a single specified brewer alone in topping up its own production where required. We challenged the reasonableness of these conditions and following […]

26/01/15: HMRC Announce New Anti-Money Laundering (‘MLR’) Fees

26th January 2015

HMRC will from 1 April 2015, implement the following measures: · retain the current per premises registration fee for new businesses and those renewing in 2015 with an increase of £5 in 2016-17. · introduce a non-refundable processing fee of £100 for businesses applying to be registered for the first time. · increase the fit […]

17/10/14: HMRC Admits to Widening Tax Gap

17th October 2014

Figures for 2012-13 released today have revealed that £34 billion owed to HMRC last year went unpaid through error, avoidance, evasion and criminality. This amount of unpaid tax equates to 6.8 % of all taxes owed as the tax gap has widened and now costs more than before 2010. Unpaid taxes include £2.9 billion in […]

10/10/14: Developments in HMRC’s Approach to UK-Based Trading in Duty Suspended Alcohol in Other EU Member States

10th October 2014

HMRC are currently challenging UK-based traders in duty suspended alcohol within and between excise bonded warehouses in other Member States, particularly in France, Belgium, the Netherlands and Germany. HMRC assert that such businesses are required by law to be registered for VAT, to submit appropriate VAT returns and to comply with the tax regulations in […]

01/10/14: HMRC Announce a Consultation Exercise on Anti-Money Laundering Fees it Charges under MLR 2007

1st October 2014

On 30/09/14, HMRC announced a consultation exercise on the way they charge fees to businesses which they supervise under the Money Laundering Regulations 2007. The current fee structure charges a registration and annual renewal fee of £110 per premises and a £50 ‘fit and proper persons’ test fee for any person exercising effective control over […]

29/09/14: HMRC New Due Diligence Measures Announced with effect from 01/11/14

30th September 2014

On 29/09/14, HMRC published upon their website a guidance note concerning ‘due diligence tackling alcohol fraud’. In relation to all businesses registered by HMRC under the Alcoholic Liquor Duties Act, ‘it will be a condition of trading that businesses undertake reasonable appropriate checks on their customers, suppliers and supply chains and have robust procedures to […]