Month: July 2026

HMRC has published accredited official statistics on the distribution of income and Income Tax liability across different percentile groups, with data spanning from tax year 1999-2000 through 2026-27. The dataset shows shares of total income before and after tax, along with corresponding tax liability for each percentile group. This statistical release provides insight into how Income Tax burden is distributed across the income distribution over more than two decades.

Source: HMRC (GOV.UK) – Read the original

The Carbon Border Adjustment Mechanism (Administrative Provisions) Regulations 2026 establish administrative rules for a new carbon tax created under Part 5 of the Finance Act 2026. CBAM applies to certain imported goods and will require businesses to report and manage carbon costs at the border. The regulations set out the procedural requirements and compliance obligations for traders importing affected products into the UK.

Source: legislation.gov.uk – Read the original

The Customs Tariff (Suspension of Import Duty Rates) (Amendment) Regulations 2026 updates the reference document used to determine which goods qualify for suspended import duties under UK trade policy. The amendment incorporates new tariff suspensions approved through the 2025 to 2026 application window for businesses seeking duty relief, alongside technical corrections and clarifications to the existing regulations framework.

Source: legislation.gov.uk – Read the original

New regulations establish the commencement dates for mandatory tax adviser registration under Chapter 1 of Part 7 of the Finance Act 2026. Tax advisers who hold an Agent Services Account before 18 August 2026 will be automatically treated as registered from that date under transitional arrangements. The regulations apply to all tax advisers falling within the scope of the new registration regime.

Source: legislation.gov.uk – Read the original

The UK has introduced detailed regulations governing the calculation and operation of the Carbon Border Adjustment Mechanism (CBAM), a new tax established through the Finance Act 2026. These regulations set out how the CBAM rate will be calculated and determine the eligibility criteria for carbon price relief claims. The regulations implement Part 5 of the Finance Act 2026, establishing the practical framework for this environmental tax on imported goods.

Source: legislation.gov.uk – Read the original

The Digital Communications and Contact Details Regulations 2026 sets out rules governing how HMRC uses electronic communications and requires users of HMRC online services to provide digital contact details. The regulations establish a framework for digital interaction between HMRC and persons utilising its online platforms. This applies to anyone engaging with HMRC through its digital services.

Source: legislation.gov.uk – Read the original

HMRC provides a mechanism for checking whether a business has registered for compliance with money laundering regulations. The system allows users to search for registered businesses and report those that may not have completed their registration requirements. This tool supports compliance efforts across the financial and professional services sectors that fall under anti-money laundering obligations.

Source: HMRC (GOV.UK) – Read the original

Exporters intending to complete origin declarations for goods shipped to India under the UK-India Free Trade Agreement are required to register with HMRC. The registration process enables businesses to certify the origin of their products and claim preferential tariff treatment under the agreement. This requirement applies to all UK exporters utilising the FTA scheme.

Source: HMRC (GOV.UK) – Read the original

HMRC has published guidance allowing users to check the current operational status of the country-by-country reporting service and identify any technical problems or disruptions affecting access. The service enables multinational enterprises to file country-by-country reports on their global tax positions as required under UK transfer pricing regulations.

Source: HMRC (GOV.UK) – Read the original

HMRC has published guidance on the availability of its digital platform reporting service, allowing users to check current system status and any technical issues that may affect their submissions. The service is used by businesses to report digital platform transactions as part of UK tax compliance requirements. Users experiencing problems with access or functionality can refer to this guidance to understand whether issues are system-wide or related to their individual setup.

Source: HMRC (GOV.UK) – Read the original