Changes to the VAT place of supply rules for broadcasting, e-services and telecommunications were announced at Budget 2013. From 1 January 2015, VAT on these services will be payable where the customer is located, instead of where the supplier is located.
Following the Fair Playing Field Review, the Government will refund the VAT incurred by hospice charities. From 1 April 2015 UK search and rescue and air ambulance charities will also be eligible for VAT refunds on the
purchases of goods and services for their non-business activities.
From 1 April 2015, businesses will be required to account for VAT on the actual consideration received when prompt payment discounts are offered. HMRC will publish a response to the recent consultation shortly.
Children under 12 will be exempt from reduced rate APD on economy flights with effect from 1 May 2015, while children under 16 will be exempt from 1 March 2016.
Fuel duty will remain frozen until the end of the Parliament in May 2015.
The Government will consult on the introduction of a levy on tobacco manufacturers and importers.