HMRC has issued Excise Notice 197b to clarify the procedures for handling and moving both duty-paid and duty-free excise goods within UK Aircraft Store Floors. This notice sets out the regulatory requirements that operators must follow when managing excise inventory in these specialist facilities. The guidance applies to anyone involved in the storage and movement of excisable products destined for aircraft use.
Source: HMRC (GOV.UK) – Read the original
HMRC has issued guidance covering the tax treatment of investment funds and their managers. The manual provides clarity on applicable tax rules that fund operators and managers must follow. This guidance applies to various types of investment fund structures operating in the UK.
Source: HMRC (GOV.UK) – Read the original
Bad debt relief allows businesses to recover VAT on unpaid invoices when customers fail to pay. This relief applies when invoices have been outstanding for more than six months and certain conditions are met. Traders can reclaim the VAT element of the debt, provided they have previously accounted for VAT on the original supply. The process involves submitting a claim to HMRC with supporting documentation showing the debt has been written off.
Source: HMRC (GOV.UK) – Read the original
This guidance outlines the duties and responsibilities that businesses must fulfil when filing returns with HMRC, including submission requirements, accuracy standards, and record-keeping obligations. Traders and customs declarants need to ensure returns are completed correctly and submitted within specified timeframes to maintain compliance. The guidance covers the documentation and information that must accompany returns to support regulatory oversight and audit purposes.
Source: HMRC (GOV.UK) – Read the original
Tax advisers can now apply for an Agent Services Account (ASA) to register with HMRC and access specific HMRC services. This registration allows qualified agents to represent clients and use designated HMRC digital tools. The ASA application process enables tax professionals to manage their compliance activities and interact with HMRC through authorised channels.
Source: HMRC (GOV.UK) – Read the original
HMRC has issued guidance outlining the documentation that businesses handling excisable goods or services must maintain for compliance purposes. The notice sets out mandatory record-keeping standards applicable to all traders subject to Excise Duty obligations. Proper record retention enables traders to demonstrate tax compliance and facilitates HMRC audits and inspections.
Source: HMRC (GOV.UK) – Read the original
Excise Notice 69a sets out HMRC’s official policy on how excise goods can be loaded as stores onto aircraft, ships and trains under the Excise Goods (Aircraft and Ship’s Stores) Regulation 2015. The notice explains the conditions and procedures that operators and suppliers must follow to qualify goods for excise duty exemption when provisioning these transport modes. This guidance applies to businesses involved in provisioning international and domestic transport vessels with duty-suspended goods.
Source: HMRC (GOV.UK) – Read the original
A new excise duty on vaping products will take effect from 1 October 2026. This legislation establishes a tax regime for e-liquids and other vaping products sold in the UK. The duty will apply to manufacturers, importers and suppliers of vaping products within the scope of the new rules. Businesses involved in the vaping sector will need to ensure compliance with the registration and reporting requirements ahead of the implementation date.
Source: HMRC (GOV.UK) – Read the original