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The Valuation Office has released an updated practice note on rental adjustment procedures for assessing non-domestic business properties in 2026. This technical manual guidance applies to surveyors and property professionals involved in calculating rateable values for commercial and business premises. The update provides revised methodologies for adjusting rental comparables to reflect current market conditions and property-specific factors when determining business rates assessments.

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

HMRC is seeking views on how to simplify the current process for claiming treaty relief from withholding tax on interest payments made to overseas recipients. The consultation aims to reduce administrative burden for businesses handling cross-border interest obligations. No effective date has been specified for any resulting changes.

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

HMRC has published information about changes and technical issues that may impact businesses filing their Company Tax Return through the online service. Users should review these updates to understand how their filing process might be affected. Businesses are advised to check the service status before submitting their returns.

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

When import or export duties are underpaid, customs debt liability determines who bears financial responsibility for the shortfall. The liable party depends on the circumstances of the underpayment and the role different actors play in the customs process. HMRC pursues recovery of unpaid duties from the person legally responsible under customs regulations, which may include importers, exporters, agents, or other parties involved in the transaction.

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

HMRC has published guidance for taxpayers and businesses who wish to dispute corrections the tax authority has identified on their submitted tax returns. The process outlines the steps you should follow to formally object to a revenue correction notice if you believe the adjustment is incorrect. This guidance applies to anyone receiving such a notice and sets out the available remedies and timescales for lodging a challenge. Taxpayers should review the correction details and gather supporting documentation before proceeding with a dispute.

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

Businesses can appoint an intermediary to handle registration, VAT reporting, and payment responsibilities under the VAT Import One Stop Shop scheme. This guidance explains the process and requirements for using a representative to manage IOSS obligations on behalf of a business. The information applies to those importing goods into the UK and selling to customers in the EU who wish to delegate compliance tasks to a third party.

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

HMRC has updated its VAT Notice 701/57 to explain how registered health professionals such as doctors, dentists, nurses and pharmacists should handle VAT on the goods and services they provide. The guidance sets out the VAT accounting requirements applicable to different types of healthcare-related supplies, helping practitioners understand their obligations when delivering medical care and pharmaceutical products to patients.

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

HMRC has established streamlined customs and excise duty rates applicable when individuals declare personal goods brought into the UK through an online system. These simplified rates are designed to reduce complexity and administrative burden for people importing their own possessions rather than goods for commercial purposes. The new rates apply specifically to declarations made via the online channel, making the import process more straightforward for personal importers.

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

Importers can now voluntarily disclose customs duty or import tax underpayments to HMRC through a dedicated amendment process. This scheme allows businesses to correct errors on import declarations without facing enforcement action, provided the underpayment is reported before HMRC identifies it. The process applies to goods brought into the UK where the original customs clearance involved insufficient duty or tax payments.

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

HMRC has published an updated practice note for Valuation Officers covering the contractor’s basis valuation method, specifically addressing how age and obsolescence allowances are calculated and applied. This guidance is designed to ensure consistent application of these allowances when assessing property values for rating purposes. The note provides technical direction to officers responsible for valuing commercial and industrial properties using the contractor’s method where direct market comparables are unavailable.

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