The page has been updated to address recent changes to The Warehousekeepers and Owners of Warehoused Goods Regulations (WOWGR) 1999 and freeports legislation.
- Overview of Extra Statutory Concessions (ESCs): The notice provides a comprehensive update on HMRC’s Extra Statutory Concessions, which are remissions that allow tax relief in specific circumstances where strict application of tax law would create disadvantages or inequities for businesses. The document outlines concessions currently in force, those that have become obsolete, and the conditions under which they apply.
- International and Specific Tax Reliefs: It details various concessions related to VAT, excise duties, Insurance Premium Tax (IPT), and Landfill Tax, aimed at removing administrative anomalies and inequities. This includes provisions for VAT relief on imports for NATO forces, concessions for charities, and specific arrangements for diplomatic missions, among others.
- Obsolete Concessions: The notice also lists numerous concessions that have been made obsolete due to legislative changes or updates, emphasizing the ongoing adjustments to tax regulations and the need for businesses to stay informed about applicable concessions and their legal status.
Source gov.uk
