Month: July 2026

HMRC has published guidance that outlines the various venture capital schemes available to investors and the mechanisms through which they operate. The manual defines each scheme type and explains the regulatory framework governing how they function. This resource clarifies the rules and eligibility criteria for businesses and investors participating in venture capital investment programmes. The guidance serves as a reference for understanding the different venture capital scheme options and their operational requirements.

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

HMRC has released guidance containing a list of offshore funds that have successfully applied for and received approval as reporting funds. This list allows investors and fund managers to identify which offshore funds meet the reporting fund requirements. The approval status determines how offshore fund distributions are taxed for UK investors.

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

HMRC has made available form VAT68, which allows businesses to request the transfer of an existing VAT registration number when company ownership changes hands. Completing this form enables a new owner to maintain the continuity of the VAT registration rather than applying for a new number. This process streamlines the administrative requirements for businesses undergoing ownership transitions.

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

HMRC has conducted an equality impact assessment on proposals to automatically populate Self Assessment tax returns with Child Benefit information for high-income earners subject to the Child Benefit charge. The prepopulation measure aims to simplify the tax return process by reducing manual data entry for affected taxpayers. This screening assessment examines the potential equality implications of the change across protected characteristics.

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

HMRC has published guidance enabling businesses and traders to check whether a company holds Authorised Economic Operator (AEO) status. The list allows users to search for AEO-accredited organisations, which qualify for customs facilitations and reduced compliance checks. This resource helps traders identify legitimate AEO holders and supports verification during supply chain dealings.

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

HMRC has issued a comprehensive manual covering the corporation tax implications of intangible asset ownership and transactions, alongside guidance on relief mechanisms for research and development activities. The manual addresses tax credits available for R&D spending, vaccines research relief provisions, and the tax treatment of contaminated land remediation costs. The guidance applies to UK businesses claiming R&D tax relief or managing intangible assets as part of their corporate tax position.

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

HMRC has published a directory of software developers who can assist businesses with preparing entry summary declarations and associated safety and security declarations for imported goods. The resource helps importers identify technology providers capable of handling the administrative requirements for customs entry processing. This supports businesses in meeting their declaration obligations when bringing goods into the UK.

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

HMRC has published guidance on how taxpayers should calculate gains arising from foreign life insurance policies and report these on their Self Assessment tax returns. The helpsheet HS321 provides instructions for determining taxable gains and entering relevant figures in the correct boxes on the tax return. This guidance applies to individuals who hold life insurance policies with overseas insurers and need to declare any gains made on these policies.

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

HMRC has published guidance on the availability and technical issues affecting the service used to disclose cross-border tax arrangements. This resource allows users to check whether the reporting system is currently operational and to view any known problems that may impact submission of disclosures. The guidance helps businesses and their advisers plan their compliance activities around any service disruptions or maintenance windows.

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

The British Transport Police Authority is now required to maintain and manage two separate lists under the Crime and Policing Act 2026: a barred persons list and an advisory list. These lists apply specifically to the British Transport Police Force and establish mechanisms for identifying individuals subject to employment restrictions or advisory warnings within the force. The regulations implement Schedule 25 of the Crime and Policing Act 2026 to create standardised vetting and personnel management procedures across the transport policing sector.

Source: legislation.gov.uk – Read the original