- 2025 will see significant changes in VAT and other indirect taxes
- Businesses will face complexities and challenges due to these changes
- VAT will be applied to private school fees starting 1 January 2025
- Exemptions will continue for most related services and welfare in private schools
- EU policy changes affect the place of supply for VAT on live streaming to where the consumer resides starting 1 January 2025
- VAT for EU consumers can be managed through the One Stop Shop system
- Risks of double taxation and no taxation for UK and EU businesses due to differing VAT rules
- UK businesses advised to review pricing and VAT registration options
- From 1 January 2025, all medicines in Northern Ireland will be regulated solely by the UK’s MHRA under the Windsor Framework
- New labelling requirements for medicines will be introduced under the same framework
Source: bdo.co.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
