HMRC guidance clarifies that input tax must normally be claimed in the accounting period when the tax became chargeable, but allows late claims under Regulation 29 if circumstances such as missing evidence or internal cut‑off dates apply. HMRC will not permit late claims if the capping limit has passed, if there is evidence of careless error or repeated late claims, and partially exempt taxpayers must recover only to the extent the tax would have been deductible. Staff should seek advice from the VAT Deductions Team or Tax Administration Policy Team when potential manipulation or contrived delays are suspected.

This guide outlines Arkansas’s statewide sales and use tax rate of 6.5%, economic nexus thresholds, prepayment obligations for high‑volume sellers, and the state’s participation in the Streamlined Sales Tax initiative. It also covers exemption certificates, filing methods, and the destination‑based sourcing rule.

This manual provides HMRC staff with guidance on cross‑border exchange of information under UK international exchange agreements. It covers core principles, legal framework, specific forms of exchange, country‑by‑country reporting, automatic exchange of financial accounts, guidance on tax rulings, disclosable arrangements, mandatory disclosure rules, crypto‑asset reporting framework, and reporting rules for digital platforms.

HM Revenue & Customs confirms that the Extra Statutory Concession for linked goods, previously outlined in Notice 48, is no longer required. Supplies that were eligible for the concession will now be treated as single supplies under the standard VAT legislation, following existing case law. This change simplifies compliance by eliminating the need for the concession.

Portugal has extended its mandatory B2G e‑invoicing regime to all business sizes, with key deadlines moving into 2026 and 2027. The new rules require QR codes, ATCUD codes, and eventually Qualified Electronic Signatures (QES) for electronic invoices, while the eSPAP platform remains the official submission channel. SAP ECC and S/4HANA users must adopt the eDocument Cockpit and integration flows to remain compliant.

The Philippine Bureau of Internal Revenue’s RMC 108-2025, issued on 8 January 2026, expands the list of VAT‑exempt drugs under the TRAIN and CREATE Acts. The new list now covers 675 cancer drugs, 542 hypertension drugs, 323 diabetes drugs, 300 mental‑illness drugs, 173 high‑cholesterol drugs, 154 kidney‑disease drugs and 75 tuberculosis drugs, significantly broadening patient access to essential medicines.

This article explains how Thailand’s VAT rules treat trade and cash discounts, highlighting that only trade discounts granted at the time of sale and without conditions can be excluded from the VAT base. It cites the Revenue Department ruling No. Kor.Kor.0702/6077 (14 Oct 2025) that requires VAT to be calculated on the full selling price for conditional discounts, and notes that no VAT credit note can be issued when a deposit is refunded.

The Portuguese Tax Authority (AT) has clarified the rules for input VAT deduction on electric and plug‑in hybrid vehicles in Oficio Circulado n.º 25088. Key points include VAT liability on private use, non‑deductibility of maintenance expenses, and a 50% deduction for bi‑fuel vehicles. These changes affect how companies account for vehicle-related VAT and may require procedural adjustments.