NEWS

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

In a series of briefings on the Finance Bill 2026, the Chartered Institute of Taxation (CIOT) has raised concerns that several measures, as currently drafted, could create uncertainty, increase complexity and give rise to unintended consequences in...

The Public Bill Committee has concluded its first four sittings, passing government amendments as expected. The following clauses and schedules were passed: cls 11, 12: corporation tax charge and rates; cl 13: EMI thresholds and period for exercise...

HMRC are changing how employment related securities (ERS) net settlement should be reported, as part of their ongoing evaluation to identify process simplifications and reduce the administrative burden for employers. Following consultation with...

Regulations have been brought into force that require companies to maintain their own register of members, rather than electing to keep the information on the central register. The Economic Crime and Corporate Transparency Act 2023 (Commencement No....

HMRC guidance, ‘Register a non-resident company who disposed of UK property or land for Corporation Tax’, has been updated for how a non-UK resident company which has sold, gifted or transferred ownership of UK property or land registers for...

A definitive list of rates and thresholds for 2026/27 has been published by HMRC. See bit.ly/employers-rates. ...

The Scottish Government has confirmed that Air Departure Tax (ADT) is to be introduced from 1 April 2027 and has launched a consultation on the design of the tax, including a proposed exemption for flights to and from the Highlands and Islands. The...

The (Customs Site No. 1 Celtic) Designation Order, SI 2026/80, designates the Celtic Customs Site No. 1 at Port Talbot as a freeport within the wider Celtic Freeport area. It runs for ten years and is made under simplified customs rules to support...

The Welsh Government’s Budget for 2026/27 has been approved by the Senedd, following its publication on 20 January, with members also agreeing a Welsh Rates of Income Tax motion keeping the Welsh rate at 10p across all bands and leaving income tax...