HM Revenue and Customs releases quarterly accredited official statistics on the alcohol duty regime, providing data on the administration and collection of alcohol duties across the UK. These regular bulletins offer insights into alcohol duty receipts and trends within the regulated alcohol sector. The statistics are produced to official standards and made available to support transparency and compliance monitoring within the industry.
Source: HMRC (GOV.UK) – Read the original
UK importers must now verify whether the embodied emissions in their Carbon Border Adjustment Mechanism (CBAM) goods have already been subject to a qualifying carbon pricing scheme. This determination affects potential financial adjustments and compliance obligations for CBAM-liable goods entering the UK. The check helps establish whether carbon costs have already been incurred in the country of origin, which may influence the financial settlement required under the CBAM framework.
Source: HMRC (GOV.UK) – Read the original
HMRC has published background information and a quality assurance report for its property rental income statistics. The report provides transparency on the methodology, data sources and reliability of statistics tracking rental income reported to tax authorities. This documentation supports users of the statistics in understanding data quality and limitations when analysing property rental income trends across the UK.
Source: HMRC (GOV.UK) – Read the original
HMRC has released guidance enabling businesses to prepare for implementing a mass balance approach when accounting for chemically recycled plastic under the Plastic Packaging Tax regime. The mass balance method allows companies to claim credit for recycled plastic content without physically segregating materials throughout their supply chain. Organisations should review the requirements and documentation standards needed to transition to this accounting approach for their plastic packaging tax obligations.
Source: HMRC (GOV.UK) – Read the original
New minimum certification standards will apply from 1 April 2027 for businesses using a mass balance approach to claim relief under the Plastic Packaging Tax on chemically recycled plastic. The guidance sets out the certification framework that organisations must meet when tracking and verifying chemically recycled content through mass balance methodologies. These requirements ensure compliance with PPT relief claims and support auditable supply chain documentation for affected importers and producers.
Source: HMRC (GOV.UK) – Read the original
HMRC has published guidance to help manufacturers and importers determine whether their packaging falls within the scope of the Plastic Packaging Tax. The guidance clarifies the definitions of plastic, recycled plastic content, and packaging components to enable businesses to assess their tax liability accurately.
Source: HMRC (GOV.UK) – Read the original
HMRC has published accredited official statistics tracking monthly property transactions completed across the UK where the transaction value reaches £40,000 or more. This data series provides insights into property market activity by recording completed transactions meeting the specified threshold. The statistics are recognised as accredited official statistics, ensuring they meet quality and reliability standards. This information is relevant for customs and trade professionals monitoring economic indicators and property-related compliance matters.
Source: HMRC (GOV.UK) – Read the original
HMRC has published the sixth edition of its newsletter specifically aimed at software developers working on Making Tax Digital for Income Tax systems. The newsletter provides technical guidance and updates relevant to developers integrating with HMRC’s digital tax platforms. This resource helps developers stay informed about the latest requirements and changes to the Making Tax Digital framework for self-assessment and income tax reporting.
Source: HMRC (GOV.UK) – Read the original
The Trader Support Service has been launched to assist businesses that import or export goods to and from Northern Ireland, providing guidance on compliance requirements arising from the Windsor Framework implementation. The service is designed to help traders understand and navigate the regulatory changes affecting cross-border movements. This support is available to all operators engaged in Northern Ireland trade operations.
Source: HMRC (GOV.UK) – Read the original
HMRC has published official statistics covering unincorporated landlords who submit Income Tax Self Assessment returns, detailing their rental income figures and associated business expenses. The data provides insights into the property rental sector based on tax filings from individual landlords operating outside of corporate structures. These statistics serve as a reference point for understanding trends in residential and commercial property rental activities across the UK tax base.
Source: HMRC (GOV.UK) – Read the original