Month: August 2026

HMRC has issued guidance outlining the required information and forms that ISA (Individual Savings Account) managers must submit when making interim and annual tax claims. The guidance specifies what documentation and data points are necessary to support these claims and which official forms must be used for submission. This applies to all financial institutions and providers managing ISA accounts on behalf of customers. The guidance ensures standardised reporting and compliance with tax requirements across the ISA management sector.

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

HMRC has released a register of companies that have notified the NCTS project team of their intention to create commercial software products compatible with the New Computerised Transit System. The list supports logistics providers and customs brokers in identifying third-party software vendors developing NCTS-compliant tools. This transparency measure helps businesses plan their transit procedure compliance strategy as NCTS implementation progresses.

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

HMRC has released its quarterly performance update covering April to June 2026, detailing how the department performed against its strategic priorities during the first quarter of the 2026-27 financial year. The report measures HMRC’s progress across key departmental objectives and operational targets. This performance data is relevant to businesses and customs professionals tracking HMRC’s service delivery and compliance activities.

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

The Valuation Office has released an updated practice note on rental adjustment procedures for assessing non-domestic business properties in 2026. This technical manual guidance applies to surveyors and property professionals involved in calculating rateable values for commercial and business premises. The update provides revised methodologies for adjusting rental comparables to reflect current market conditions and property-specific factors when determining business rates assessments.

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

HMRC is seeking views on how to simplify the current process for claiming treaty relief from withholding tax on interest payments made to overseas recipients. The consultation aims to reduce administrative burden for businesses handling cross-border interest obligations. No effective date has been specified for any resulting changes.

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

HMRC has published information about changes and technical issues that may impact businesses filing their Company Tax Return through the online service. Users should review these updates to understand how their filing process might be affected. Businesses are advised to check the service status before submitting their returns.

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

When import or export duties are underpaid, customs debt liability determines who bears financial responsibility for the shortfall. The liable party depends on the circumstances of the underpayment and the role different actors play in the customs process. HMRC pursues recovery of unpaid duties from the person legally responsible under customs regulations, which may include importers, exporters, agents, or other parties involved in the transaction.

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

HMRC has published guidance for taxpayers and businesses who wish to dispute corrections the tax authority has identified on their submitted tax returns. The process outlines the steps you should follow to formally object to a revenue correction notice if you believe the adjustment is incorrect. This guidance applies to anyone receiving such a notice and sets out the available remedies and timescales for lodging a challenge. Taxpayers should review the correction details and gather supporting documentation before proceeding with a dispute.

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

Businesses can appoint an intermediary to handle registration, VAT reporting, and payment responsibilities under the VAT Import One Stop Shop scheme. This guidance explains the process and requirements for using a representative to manage IOSS obligations on behalf of a business. The information applies to those importing goods into the UK and selling to customers in the EU who wish to delegate compliance tasks to a third party.

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

HMRC has updated its VAT Notice 701/57 to explain how registered health professionals such as doctors, dentists, nurses and pharmacists should handle VAT on the goods and services they provide. The guidance sets out the VAT accounting requirements applicable to different types of healthcare-related supplies, helping practitioners understand their obligations when delivering medical care and pharmaceutical products to patients.

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