Month: September 2026

HMRC has published guidance on penalties applicable when the authority issues determinations under sections 62A or 62B of the Finance Act 2004 relating to the Construction Industry Scheme. The factsheet details the financial consequences for businesses and individuals who deliberately fail to comply with CIS payment obligations or submit non-compliant returns. This guidance applies to contractors and subcontractors operating within the construction sector who are subject to CIS regulations.

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

HMRC has published a review examining the root causes of errors found in its Official Statistics, particularly those affecting market-sensitive figures. The review includes recommendations aimed at strengthening the accuracy and reliability of HMRC’s statistical outputs. This assessment reflects HMRC’s commitment to identifying weaknesses in its data collection and reporting processes that may have impacted stakeholders relying on customs and trade statistics.

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

HMRC has made available a comprehensive list of accredited training providers offering both online and in-person courses covering customs procedures and compliance requirements. The resource is designed to help businesses and professionals access certified education on customs processes. Training providers can also use this information to apply for inclusion on the approved list or submit amendments to their existing details.

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

HMRC has released accredited official statistics covering historical monthly and annual tax receipt data for all taxes it administers, alongside expenditure figures for tax credits, Child Benefit and Tax-Free Childcare. The publication includes year-to-date analysis and commentary on tax receipt performance. This statistical bulletin provides comprehensive data for businesses and professionals tracking UK tax administration trends and revenue patterns.

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

The Nature Restoration Levy Regulations 2026 define the operational mechanics of a new financial mechanism under the Planning and Infrastructure Act 2025. Developers facing identified negative environmental impacts can request to pay a levy to Natural England instead of fulfilling certain environmental obligations directly. Revenue collected through the levy will fund conservation activities specified in environmental delivery plans, creating a funding mechanism for environmental mitigation linked to development projects.

Source: legislation.gov.uk – Read the original

The Finance Act 2009 (Section 101) (Vaping Products Duty) (Appointed Day) Order 2026 establishes 1st October 2026 as the date when late payment interest provisions for vaping products duty take effect. Section 101 of the Finance Act 2009 applies interest charges to overdue vaping products duty payments, bringing this excise tax in line with interest regimes already applied to other duties. The order activates previously enacted legislation specifically for vaping products duty administration.

Source: legislation.gov.uk – Read the original

The Individual Savings Account (Amendment) (No. 2) Regulations 2026 updates ISA rules with three key changes: a £12,000 annual subscription cap for cash ISA accounts held by individuals aged 64 or under, new restrictions on money market funds within stocks and shares ISAs, and a charge on interest generated from cash deposits held in stocks and shares or Innovative Finance ISAs. Related provisions for subscriptions, transfers, tax treatment and reporting have been amended accordingly, with outdated age requirements for account opening also removed.

Source: legislation.gov.uk – Read the original

A correction slip has been issued to amend the Energy Savings Opportunity Scheme Regulations 2014, which govern mandatory energy audits and efficiency measures for large UK organisations. The changes address specific issues within the original 2014 framework that established ESOS requirements. Businesses subject to ESOS compliance should review the corrections to ensure they maintain proper regulatory adherence.

Source: legislation.gov.uk – Read the original

The 2026 Regulations continue temporary provisions that allow credit institutions flexibility in meeting prudential capital requirements when dealing with central counterparties, building on successive extensions made since 2022. These transitional measures modify how the UK applies capital requirements rules originally set out in EU Regulation 575/2013. The extension maintains relief for financial institutions during a period of ongoing adjustment to post-Brexit regulatory arrangements for counterparty risk management.

Source: legislation.gov.uk – Read the original

HMRC has published form AAG6 for use by scheme promoters and suppliers when communicating scheme reference numbers to their clients. The form enables registered promoters to formally notify clients of the SRN assigned to notifiable tax avoidance arrangements. This notification requirement is part of HMRC’s disclosure of tax avoidance schemes regime, which tracks marketed tax planning strategies.

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