Excise Goods News Today

The review marks the five-year anniversary since Excise Tax came into effect in the UAE

The Federal Tax Authority (FTA) asserted that the implementation of Excise Tax has been a great success in all aspects, whether in relation to the implemen..

Find out about the requirements and obligations for warehousekeepers of motor and heating fuels in the UK.

Requirements for excise goods held in duty suspension in a warehouse by an authorised warehousekeeper, registered owner, duty representative or registered consignor in the UK.

FTA conducts 2,707 field inspection visits ABU DHABI, 2 hours, 3 minutes ago The Federal Tax Authority (FTA) has conducted more than 2,707 field inspection visits in cooperation with the competent authorities through 35 inspection campaigns across UAE markets in the first quarter of 2021.   FTA Director-General, Khalid Ali Al Bustani, confirmed that the sophisticated, cutting-edge tools adopted by the Authority during inspections enable inspection teams to d accurately carry out their task...

(MENAFN - Khaleej Times) The Federal Tax Authority (FTA) has conducted more than 2,707 field inspection visits in cooperation with various authorities through 35 inspection campaigns across UAE markets in the first quarter of 2021, as part of its ongoing oversight efforts to protect consumer rights and increase the level of tax compliance. FTA director general, Khalid Ali Al Bustani, confirmed that the sophisticated, cutting-edge tools adopted by the Authority during inspections enable inspe...

HCOTEG22250 - Law - background: Legal roles and responsibilities You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages are being prioritised before manuals. Introduction In searching any part of the law or its provisions, it is important to identify correctly the roles and responsibilities of those persons or legal entities involved, and to understand their respective obligations under the legislation. In order to hold someone in breach of the legisl...

Section 8 - Road Fuel Gas  Section 6(1) makes a distinction between 1) hydrocarbon oil imported into the UK, and 2) hydrocarbon oil produced in the UK and delivered for home use. UK produced hydrocarbon oil, is not charged with, nor is it subject to, duty unless it is delivered to home use. So, for example, oil produced in the UK that is used within the refinery (i.e. it never leaves the refinery to be delivered for home use) will not be charged with duty. Although it is commonly understood th...

HCOBIG7600 - Biodiesel and Bioblend - Production, storage and delivery: Movement of biofuels You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages are being prioritised before manuals. Process Oils Biodiesel and bioethanol that are used in the production of another product, such as bioblend, can be designated as “process oils” – see Notice 179. Warehouse-keepers and producers may deliver process oils under duty suspension provided they are del...

Authority identifies tax liabilities amounting to Dh191.83 million Federal Tax Authority (FTA) ramped up inspections across the UAE in 2020 to ensure tax compliance. Image Credit: Pixabay Dubai: Federal Tax Authority (FTA) ramped up inspections across the UAE in 2020 to ensure tax compliance. The Authority said these campaigns were carried out within the framework of the Authoritys extensive efforts to contribute towards strengthening market performance and ensur...