United Kingdom news

Tax·GOV.UK·1 month ago

HMRC details 31 March 1982 value claims for 1985-88 indexation

CG17570 now details the two-year claim window, informal claims, no-cost assets and transferee claims for computing indexation by reference to 31 March 1982 market value.

Industry: Across industries

Tax·GOV.UK·1 month ago

Sugar import licences: applications open 1-7 October 2026

Sugar importers have 1 October to 5pm on 7 October 2026 to submit licence applications under Notice to Traders 75/26; application and supporting documents must be correct at submission.

Industry: Wholesale of food, beverages and tobacco

Tax·GOV.UK·1 month ago

Garlic quota licences (non-China origins): apply 1-7 October 2026

Garlic importers sourcing outside China and the EU face a 1 October to 5pm 7 October 2026 receipt window under Notice to Traders 71/26; application, documents and security must be correct at submission.

Industry: Wholesale of fruit and vegetables

Financial Sector & Markets·GOV.UK·1 month ago

HMT to presume denial of licences for designated Iranian banks

HMT guidance sets refusal as the starting point for licence applications from designated Iranian banks; licences only in exceptional circumstances, case by case, with conditions.

Industry: Financial service activities, except insurance and pension funding

Tax·GOV.UK·1 month ago

HMRC expands guidance on section 29 value-shifting triggers

Expanded HMRC guidance sets out the three TCGA92/S29 value-shifting situations, deemed disposal at full arm’s-length value under TCGA92/S17, gift relief and the spouse exemption.

Industry: Across industries

Tax·GOV.UK·1 month ago

Pigmeat quota licences: applications open 1-7 October 2026

Pigmeat importers have 1 October to 5pm on 7 October 2026 to file quota licence applications under Notice to Traders 77/26; correctness at submission is the applicant's responsibility.

Industry: Wholesale of meat and meat products

Payroll & Labour·GOV.UK·1 month ago·2 documents

HMRC lets employers exclude globally mobile staff from 2027 BiK payrolling

New HMRC service from November 2026 lets employers keep globally mobile staff on P11D/P11D(b); voluntary payrollers must settle Class 1A NICs in real time; FPS car fields gain fuel type.

Industry: Across industries

Legal & Corporate·Case Law·1 month ago

Director owes £190,154 as court limits section 212 to duty breaches

High Court orders a doctor-director to pay £190,153.99 to his insolvent company's estate and holds bare loan debts need the Part 7 route, not section 212.

Industry: Across industries

Financial Sector & Markets·GOV.UK·1 month ago

UK revokes Russia sanctions on oil tanker ASTRA

On 21 September 2026 the FCDO revoked the Russia entry for Ship: ASTRA (Unique ID: RUS3003; IMO numbers: IMO9273387); it is no longer subject to the sanctions listed.

Industry: Sea and coastal freight water transport

Tax·GOV.UK·1 month ago

Limestone import registration ends as subsidy probe terminated

The registration requirement for imports of creamy/white limestone from Portugal ends on 22 September 2026 after the Trade Remedies Authority terminated its anti-subsidy investigation.

Industry: Wholesale trade, except of motor vehicles and motorcycles

Tax·GOV.UK·1 month ago

VOA raises cold-store age allowances on 2026 rating page

VOA's cold-stores rating page raises maximum age-and-obsolescence allowances for categories 2-8 (1980s stores 25% to 35%, early-2000s stores 5% to 15%) and shifts three age bands.

Industry: Warehousing and storage

Tax·GOV.UK·1 month ago

Wrong SDRT reference may divert payment; notices go to SDRT unit

HMRC's SDRT guide now warns a wrong off-market reference may see payment applied to another tax bill owed, with a move remedy via SDRT enquiries; off-market notices go to SDRT enquiries.

Industry: Financial and insurance activities

Tax·GOV.UK·1 month ago

Wrong Landfill Tax reference may divert payment to another bill

HMRC's Pay Landfill Tax guide now warns a wrong 15-character reference may see payment applied to a different tax bill owed; affected payers can ask Landfill Tax enquiries to move it.

Industry: Waste treatment and disposal

Tax·GOV.UK·1 month ago

Wrong CCL reference may divert payment to another tax bill

HMRC's Pay Climate Change Levy guidance now warns a wrong 13-digit reference may see payment applied to a different tax bill owed; affected payers can ask Climate Change Levy enquiries to move it.

Industry: Electricity, gas, steam and air conditioning supply

Tax·GOV.UK·2 months ago

Oils producers told to keep required records for 6 years

The producers page adds that records must be maintained and produced per Part 13 and kept and preserved for 6 years, with Excise Notice 206 as the further reference.

Industry: Manufacture of refined petroleum products

Legal & Corporate·GOV.UK·2 months ago

Insolvent-company name ban widens to similar names and new sellers

A prohibited name now includes any similar name suggesting association, the business-sale exception extends to administrators and CVA supervisors, and the 12-month prior-use rule is explicit.

Industry: Across industries

Tax·GOV.UK·2 months ago

Oils deferment returns gain precise midday-to-midnight accounting period

The deferment accounting period now runs midday on the 15th to midnight on the 14th, signing rules move to Excise Notice 179 paragraph 11.6, and the HO65 local-printing note is removed.

Industry: Wholesale of solid, liquid and gaseous fuels and related products

Tax·GOV.UK·2 months ago

Oils deferment security turns discretionary as guarantee caps removed

Security for oils duty deferment 'may be required' rather than 'must be provided', the stated £9.5m cap goes, and warehouse-keeper authority moves off the C1207 form.

Industry: Manufacture of refined petroleum products

Tax·GOV.UK·2 months ago

Directors warned HMRC may seek bankruptcy over unpaid Self Assessment tax

Unpaid Self Assessment tax can lead HMRC to apply for a director's bankruptcy — and an undischarged bankrupt commits an offence by acting as a director without the court's leave.