News

HMRC has released statutory guidance documents detailing the conditions under which goods may qualify for relief from standard import tariff rates under the 2020 EU Exit Customs Reliefs Regulations. The guidance sets out the specific criteria and documentation requirements for different categories of goods seeking tariff relief. These reference documents provide traders and customs brokers with the technical framework needed to determine eligibility for duty exemptions or reductions.

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

HMRC has released a manual providing detailed guidance on how VAT default interest is calculated and applied to overdue tax payments. The manual assists businesses and advisors in understanding the circumstances under which default interest accrues, the applicable interest rates, and the procedures for calculating amounts owed. This reference document clarifies HMRC’s approach to enforcing interest charges on late VAT submissions and payments.

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

Revenue and Customs Brief 8 (2026) sets out revised procedures for non-UK businesses that are members of a UK VAT group to claim refunds of VAT paid in the UK. The guidance covers the mechanics of submitting refund claims and includes transitional arrangements to help affected businesses adjust to the new rules. The brief also outlines the process for requesting HMRC to reconsider previously rejected refund applications under the updated framework.

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

HMRC has released statutory guidance providing the reference documents required under The Customs (Tariff Quotas) (EU Exit) Regulations 2020. These documents specify product-specific tariff-rate quotas, including volume limits and applicable rates, as well as lists of eligible goods and their permitted uses. Businesses importing quota-managed goods must consult these documents to understand their obligations and eligibility under the post-Brexit customs framework.

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

HMRC’s VAT Notice 701/19 provides guidance on the correct VAT treatment applicable to fuel and power transactions. The notice covers requirements for both businesses supplying fuel and power and those purchasing these commodities. Suppliers and users need to understand the VAT rates and exemptions that apply to different types of fuel and power supplies to ensure compliance with VAT legislation.

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

HMRC has released the local reference rent levels for residential properties across England, organised by broad rental market areas and number of rooms. These rates, effective from August 2026, establish the rental value benchmarks used for housing benefit assessments and subsidy calculations. The data covers properties categorised by room count within their respective BRMAs to reflect regional rental variations.

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

New regulations have been established to operationalise the carbon border adjustment mechanism, a novel tax introduced through Part 5 of the Finance Act 2026. The CBAM framework will apply to imports of certain goods into the UK, requiring businesses involved in importing affected products to understand and comply with the new requirements. These regulations set out the practical provisions for how the mechanism will function, including definitions, procedures, and compliance obligations for affected traders and importers.

Source: legislation.gov.uk – Read the original

HMRC has published guidance explaining how it will administer the loan charge settlement scheme for taxpayers with disguised remuneration loan charge liabilities. The scheme provides a mechanism for affected individuals to resolve their tax positions on these liabilities. The policy paper outlines the practical processes and requirements that HMRC will follow when handling settlement applications under the scheme.

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

HMRC has released statutory guidance providing reference documents for the Customs Tariff (Preferential Trade Arrangements) (EU Exit) Regulations 2020. The guidance contains the UK’s preferential tariff rates and Rules of Origin applicable to trade agreements covered under this regulation. This resource enables businesses to determine the correct classification and eligibility of goods under various preferential trade arrangements following the UK’s departure from the EU.

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

HMRC has released comprehensive instructions for completing data elements required when submitting written export declarations through the Customs Declaration Service. The guidance clarifies how traders should populate mandatory and conditional fields to ensure declarations are processed correctly. This updated resource is intended to help exporters and their customs agents meet CDS submission requirements and avoid declaration errors.

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