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The UK has introduced detailed regulations governing the calculation and operation of the Carbon Border Adjustment Mechanism (CBAM), a new tax established through the Finance Act 2026. These regulations set out how the CBAM rate will be calculated and determine the eligibility criteria for carbon price relief claims. The regulations implement Part 5 of the Finance Act 2026, establishing the practical framework for this environmental tax on imported goods.

Source: legislation.gov.uk – Read the original

The Digital Communications and Contact Details Regulations 2026 sets out rules governing how HMRC uses electronic communications and requires users of HMRC online services to provide digital contact details. The regulations establish a framework for digital interaction between HMRC and persons utilising its online platforms. This applies to anyone engaging with HMRC through its digital services.

Source: legislation.gov.uk – Read the original

HMRC has published guidance allowing users to check the current operational status of the country-by-country reporting service and identify any technical problems or disruptions affecting access. The service enables multinational enterprises to file country-by-country reports on their global tax positions as required under UK transfer pricing regulations.

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

HMRC has published guidance on the availability of its digital platform reporting service, allowing users to check current system status and any technical issues that may affect their submissions. The service is used by businesses to report digital platform transactions as part of UK tax compliance requirements. Users experiencing problems with access or functionality can refer to this guidance to understand whether issues are system-wide or related to their individual setup.

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

HMRC has published guidance that outlines the various venture capital schemes available to investors and the mechanisms through which they operate. The manual defines each scheme type and explains the regulatory framework governing how they function. This resource clarifies the rules and eligibility criteria for businesses and investors participating in venture capital investment programmes. The guidance serves as a reference for understanding the different venture capital scheme options and their operational requirements.

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

HMRC has released guidance containing a list of offshore funds that have successfully applied for and received approval as reporting funds. This list allows investors and fund managers to identify which offshore funds meet the reporting fund requirements. The approval status determines how offshore fund distributions are taxed for UK investors.

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

HMRC has made available form VAT68, which allows businesses to request the transfer of an existing VAT registration number when company ownership changes hands. Completing this form enables a new owner to maintain the continuity of the VAT registration rather than applying for a new number. This process streamlines the administrative requirements for businesses undergoing ownership transitions.

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

HMRC has conducted an equality impact assessment on proposals to automatically populate Self Assessment tax returns with Child Benefit information for high-income earners subject to the Child Benefit charge. The prepopulation measure aims to simplify the tax return process by reducing manual data entry for affected taxpayers. This screening assessment examines the potential equality implications of the change across protected characteristics.

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

HMRC provides a mechanism for checking whether a business has registered for compliance with money laundering regulations. The system allows users to search for registered businesses and report those that may not have completed their registration requirements. This tool supports compliance efforts across the financial and professional services sectors that fall under anti-money laundering obligations.

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

Exporters intending to complete origin declarations for goods shipped to India under the UK-India Free Trade Agreement are required to register with HMRC. The registration process enables businesses to certify the origin of their products and claim preferential tariff treatment under the agreement. This requirement applies to all UK exporters utilising the FTA scheme.

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