The Valuation Office Agency has published its official technical manual setting out how property and asset values are assessed for capital gains tax and related taxation purposes. This manual provides the methodology and guidance that VOA valuers apply when determining taxable values for tax compliance. The document serves as the authoritative reference for how valuations are calculated across capital gains and other tax regimes.
Source: HMRC (GOV.UK) – Read the original
HMRC has published supplementary guidance within its Business Income Manual to assist taxpayers and advisers in verifying tax calculations and determining trading profits for Self Assessment returns. The guidance provides detailed instructions on how to properly calculate business income across various scenarios and circumstances. This resource is designed to support accurate completion of Self Assessment tax returns by clarifying the methodology for working out trading profits.
Source: HMRC (GOV.UK) – Read the original
HMRC is conducting a review of its Capital Gains Manual to distinguish between sections that provide official interpretation of capital gains tax rules and those that do not. Content that merely explains procedures rather than interpreting legislation will be removed from the manual, with relevant material being relocated and cross-referenced where appropriate. This restructuring aims to provide clearer guidance on how HMRC interprets capital gains tax legislation where multiple reasonable interpretations exist.
Source: HMRC (GOV.UK) – Read the original
HMRC has provided guidance to help businesses and individuals distinguish between legitimate tax authority communications and fraudulent attempts. The guidance explains that genuine HMRC contact often involves multiple communication methods and provides resources to verify whether recent emails, phone calls, text messages or letters actually originate from the tax authority. This advisory aims to help traders and customs professionals protect themselves against scams impersonating HMRC officials.
Source: HMRC (GOV.UK) – Read the original
HMRC has published guidance on filling out the CT600P supplementary page, which is used to claim creative industries reliefs on corporation tax returns. The guidance sets out what information businesses must provide and how to correctly complete each section of the form. This applies to companies in qualifying creative sectors seeking to claim available tax reliefs on their tax submissions.
Source: HMRC (GOV.UK) – Read the original
HMRC has published guidance explaining which goods may qualify for import duty relief through the Temporary Admission procedure and clarifying establishment requirements for users. The guidance sets out the conditions under which businesses can temporarily import goods into the UK without paying full duty, depending on whether they are established within or outside UK territory. Traders should review the criteria to determine if their specific goods and business location meet the relief conditions.
Source: HMRC (GOV.UK) – Read the original
HMRC has published a comprehensive manual providing guidance and procedural information for Self Assessment tax returns. The manual outlines the processes that taxpayers and agents must follow when completing and submitting SA returns. This resource is designed to help individuals and businesses understand their Self Assessment obligations and navigate the filing requirements.
Source: HMRC (GOV.UK) – Read the original
HMRC has published information detailing expected timescales for replies to customs, tax, and trade-related queries submitted by businesses and agents. The guidance covers various communication channels and request types, helping traders and logistics operators plan their compliance activities around response windows. This resource enables businesses to better understand processing delays when seeking clarification on customs procedures, duty calculations, or other regulatory matters.
Source: HMRC (GOV.UK) – Read the original
This guidance explains how UK employers can utilise employment related securities as part of employee remuneration and incentive schemes. The resource covers the mechanisms for using ERS to reward, retain and motivate staff, alongside the associated tax treatment and advantages available to both employers and employees. Employers seeking to implement share schemes or similar arrangements should refer to this guidance for regulatory and tax compliance requirements.
Source: HMRC (GOV.UK) – Read the original
HMRC has published guidance for businesses and customs agents operating outside the United Kingdom who need to establish an agent services account. The resource allows non-UK based users to monitor the current availability of the account approval and setup process, along with notifications of any technical issues or disruptions that may impact their ability to register. This guidance helps international customs representatives understand service status in real time and plan their account applications accordingly.
Source: HMRC (GOV.UK) – Read the original