Companies may claim credits against their Soft Drinks Industry Levy liability for drinks that are exported from the UK, subject to specific conditions and documentation requirements. Businesses seeking to claim this relief must obtain and retain appropriate evidence demonstrating the export of liable drinks. The notice sets out the qualifying criteria and record-keeping obligations that exporters must meet to support any levy credit claims.
Source: HMRC (GOV.UK) – Read the original
HMRC has published the fifth edition of its newsletter specifically designed for software developers implementing Making Tax Digital for Income Tax systems. This correspondence provides updates, technical guidance and information relevant to developers building compliant software solutions for the MTD income tax initiative. The newsletter serves as an official communication channel to keep development teams informed of changes and requirements affecting their MTD implementations.
Source: HMRC (GOV.UK) – Read the original
The Valuation Office has released guidance documentation that sets out technical criteria for determining whether a property should be classified as domestic or non-domestic for business rating purposes. This manual provides valuation professionals with standardised methods for assessing borderline cases where property use does not fall clearly into either category. The guidance is intended to ensure consistent application of rating rules across different jurisdictions and property types in the UK.
Source: HMRC (GOV.UK) – Read the original
Businesses subject to the Soft Drinks Industry Levy can potentially recover levy payments on drinks that are lost or destroyed during storage or transport. HMRC guidance sets out the eligibility criteria and specifies what documentary evidence must be retained to support any credit claim, including records of the incident, stock reconciliation documentation, and proof of the original levy payment.
Source: HMRC (GOV.UK) – Read the original
HMRC has published guidance on the current operational status of the Tied Oils Enquiry Service, allowing users to check whether the online service is available and to identify any known technical issues that may affect access. The page provides real-time information on service disruptions and maintenance schedules that could impact traders relying on this system for tied oil compliance queries. Businesses depending on this service should regularly check the guidance page to avoid delays in their customs and excise procedures.
Source: HMRC (GOV.UK) – Read the original
HMRC has published guidance allowing users to check the current operational status of the Rebated Oils Enquiry Services online platform and identify any service disruptions or technical issues. The guidance enables customs and fuel traders to monitor availability before accessing the service for rebated fuel enquiries. Users can refer to this resource to determine whether planned maintenance or unexpected outages may be affecting their ability to submit or track rebated oil applications.
Source: HMRC (GOV.UK) – Read the original
The Valuation Office Agency has issued its technical manual guidance covering the core valuation principles used to assess business and non-domestic property for rating purposes. This manual sets out the methodology and standards applied when determining rateable values for commercial properties across the UK. The guidance is essential for property professionals, valuers, and local authorities involved in the business rates assessment process.
Source: HMRC (GOV.UK) – Read the original
VAT Notice 706/2 provides guidance on the Capital Goods Scheme, a VAT mechanism that allows businesses to adjust their input tax recovery over an extended period when they purchase certain high-value capital items. The scheme covers specified assets and enables traders to reclaim VAT progressively based on actual business use, with rules governing how adjustments apply if goods are disposed of or their use changes during the recovery period.
Source: HMRC (GOV.UK) – Read the original
The tax authority has issued guidance reminding recipients of Simple Assessment letters to review them thoroughly and settle any outstanding tax liability before the specified deadline. HMRC emphasises the importance of not disregarding these communications, which are issued during the summer months, to avoid incurring additional penalties or enforcement action.
Source: HMRC (GOV.UK) – Read the original
HMRC has designated monthly property transaction data as accredited official statistics, covering all UK property sales valued at £40,000 or above. This statistical series provides regular tracking of completed property transactions across the country. The data is relevant for customs and trade professionals monitoring economic activity and transaction patterns in the property sector.
Source: HMRC (GOV.UK) – Read the original