Month: September 2026

HMRC guidance explains the procedure for submitting negligible value claims on unquoted shares and determining whether previously quoted London Stock Exchange securities now qualify as having negligible value. The guidance sets out the eligibility criteria and documentation requirements for businesses seeking to claim tax relief on shareholdings that have become worthless. This process allows taxpayers to establish a deemed disposal date for capital gains purposes when shares become valueless.

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

Businesses seeking to operate as excise warehousekeepers can apply through HMRC to gain the necessary authorisation for storing excisable goods. The guidance covers the full application process, along with procedures for modifying an existing authorisation or withdrawing from the scheme. Excise warehousekeepers store goods such as alcohol and fuel while deferring payment of excise duties until those products enter the market.

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

The Recovery of Health Services Charges (Amounts) (Amendment) Regulations (Northern Ireland) 2026 modifies the tariff of charges used to calculate recovery amounts under Northern Ireland’s health services compensation scheme. Under this scheme, persons paying compensation to injured individuals must reimburse the Department for Communities for hospital treatment and ambulance services the injured party received. The amendment updates the specific charge amounts that are applied when calculating these recovery costs based on certificates issued by the Department.

Source: legislation.gov.uk – Read the original

HMRC has published guidance setting out the tax type codes (DE 4/3) applicable to goods subject to excise duty, along with their corresponding duty rates. The resource provides traders with information on how to identify which tax types apply to specific excisable goods, helping ensure correct classification and duty declarations in customs procedures.

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

HMRC has published guidance on national additional codes that must be declared in Data Element 6/17 of the Customs Declaration Service to ensure accurate calculation of duties and taxes. These codes, detailed in Appendix 19, are mandatory for traders submitting customs declarations. The codes support the correct assessment of tariff rates and applicable levies on imported and exported goods.

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

HMRC has published guidance on tax type codes required for Data Element 4/3 within the Customs Declaration Service, setting out the specific codes that identify different categories of duty and tax obligations. The guidance includes a comprehensive appendix listing all applicable tax type codes that traders and customs agents must use when submitting declarations. This reference material helps ensure accurate classification of duty and tax liabilities across import and export transactions.

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

The Montrose Port Authority has secured a new statutory order that refreshes and streamlines the legal framework governing operations at Montrose Port. The revision consolidates existing harbour powers into a modernised structure, enabling the port authority to operate under updated legislative provisions. This order reflects current maritime and port management practices while maintaining the regulatory oversight of Scotland’s harbour operations.

Source: legislation.gov.uk – Read the original

New regulations amending the 2021 Green Gas Support Scheme have been introduced for Great Britain. The scheme provides financial support to encourage biomethane production through anaerobic digestion for injection into the gas network. These changes modify the existing framework that governs how renewable gas projects receive incentive payments.

Source: legislation.gov.uk – Read the original

HMRC has released accredited official statistics tracking monthly property transactions completed across the UK where the transaction value reaches £40,000 or above. This data series provides insight into residential and commercial property market activity by monitoring completed deals that meet the threshold. The statistics are designated as accredited official statistics, meaning they meet quality standards for reliability and comparability. The figures enable customs, tax compliance professionals and trade stakeholders to understand property transaction volumes and market trends.

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

HMRC has released email updates, videos and webinars to help businesses understand their obligations under the Vaping Products Duty and Vaping Duty Stamps Scheme. The support materials are designed to guide industry participants through the requirements of these regulatory frameworks. Traders and manufacturers involved in vaping product supply should access these resources to ensure compliance with the new duty regime.

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