A round up of other news this week.
The Government has issued a VAT related call for evidence on Partial Exemption and the Capital Goods Scheme. In particular, this looks at the potential removal of approval for partial exemption special methods and the thresholds and intervals for Capital Goods Scheme adjustments. It also seeks feedback on any other ways in which these schemes can be simplified.
HMRC have announced that Sir Jonathan Thompson is to leave in the autumn after more than three years as Chief Executive and First Permanent Secretary to take on a new role as Chief Executive of the Financial Reporting Council (FRC). The announcement also says that the recruitment process for a successor will begin shortly. Jim Harra, Deputy Chief Executive and Second Permanent Secretary, continues to be the HMRC lead for exiting the EU.
The latest Growth Promise Indicators report has been launched and analyses over 20 years of data from 180 countries, looking at which countries are best placed to prosper in the coming decades. The analysis looks at levels of Government debt and foreign direct investment stock, to school enrolment and the strength of intellectual property rights.
As the summer has now arrived, Tax Matters Digest will take a break from its usual weekly publication schedule and will be circulated every two weeks over the quieter holiday period. As per today’s article, Tax Matters webinars are taking place throughout the summer should you wish to register.
© 2020 KPMG LLP a UK limited liability partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.