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Companies must register any new employment related securities schemes with HMRC before they are put into operation. The registration process involves notifying HMRC of the scheme details through the appropriate channels to ensure compliance with tax obligations. This applies to all businesses offering securities arrangements to employees, including share schemes and similar instruments. Failure to register schemes as required can result in compliance issues and potential penalties.

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

HMRC has published guidance on package type codes required for Data Element 6/9 in the Customs Declaration Service, as specified in Appendix 18. These codes enable traders to accurately classify packages when submitting customs declarations. The codes form part of the standard dataset needed for compliant customs documentation across UK trade procedures.

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

HMRC has issued guidance specifying the airport codes and foreign airport zones that must be declared in Data Element 5/21 of the Customs Declaration Service when reporting the place of loading for air freight. The guidance includes details on which percentages of air freight costs should be included in customs value calculations, with reference materials provided in two appendices covering the applicable airport codes and zone classifications.

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

HMRC has released guidance detailing the codes traders must use when declaring additions or deductions to item prices within the Customs Declaration Service. The guidance, contained in Appendix 10, provides reference codes for Data Element 4/9 to enable accurate reporting of price modifications such as freight, insurance, or discounts during customs declarations. This resource is essential for import and export declarations to ensure compliant customs entries.

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

The Lifelong Learning (Student Support) (Amendment of Fees and Awards etc.) Regulations 2026 modifies the existing framework governing student fees and financial support awards for lifelong learning programmes. The regulations adjust provisions relating to how fees are set and how awards are calculated or distributed to eligible learners. This amendment applies to student support arrangements across England’s lifelong learning sector and affects educational institutions administering these programmes as well as students seeking financial assistance.

Source: legislation.gov.uk – Read the original

The Education (Student Loans) (Repayment) Regulations 2009 have been amended to accommodate the introduction of plan 5 Lifelong Learning Entitlement loans, which form part of a new student support framework. These changes align the repayment mechanisms with the Lifelong Learning (Student Support) (Amendment of Fees and Awards etc.) Regulations 2026. The amendments ensure borrowers of LLE loans have clear repayment terms alongside existing student loan arrangements.

Source: legislation.gov.uk – Read the original

HMRC has announced that employers and organisations will face revised reporting obligations for certain benefits in kind starting April 2027. The policy paper outlines which benefits will be subject to the new reporting framework and the administrative changes businesses must implement before the deadline. This affects all employers providing taxable benefits to employees and requires updates to payroll and compliance procedures.

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

Traders and sole proprietors using Making Tax Digital for Income Tax must submit their inaugural quarterly update within the next two weeks. The system requires eligible individuals to file quarterly reports containing information on income and allowable expenses. Failure to meet this deadline could result in penalties. Customers should ensure their accounting software is compatible and their tax return information is accurate before the submission window closes.

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

The latest Plastic Packaging Tax statistical release covers the 2025-26 financial year and includes data on registered taxpayers, declared plastic packaging tonnages, and tax receipts. The figures provide an overview of how many businesses are registered for PPT, the volumes of plastic packaging subject to the tax, and the revenue collected. These statistics offer insight into compliance patterns and the scale of plastic packaging subject to the 5 pounds per tonne duty.

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

HMRC has published guidance explaining how the zero and reduced rates of VAT apply to buildings and construction work. The guidance clarifies the VAT treatment for construction-related activities, helping businesses and contractors understand their obligations and eligibility for relief. This resource is intended to assist those involved in construction projects to determine the correct VAT rate applicable to their supplies and services.

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