Reversible computation allows computation to proceed not only in the standard, forward direction, but also backward, recovering past states. While reversible computation has attracted interest for its multiple applications, covering areas as different as low-power computing, simulation, robotics and debugging, such applications need to be supported by a clear understanding of the foundations of reversible computation. We report below on many threads of research in the area of foundations of reversible computing, giving particular emphasis to the results obtained in the framework of the European COST Action IC1405, entitled “Reversible Computation - Extending Horizons of Computing”, which took place in the years 2015–2019.