NEWS

Recent developments in tax.

The CIOT has welcomed the proposed Founders’ Relief as a potentially significant incentive for entrepreneurs, but warned that its conditions must allow normal commercial decisions without inadvertently jeopardising relief. The ICAEW has also...

The Individual Savings Account (Amendment) (No. 3) Regulations, SI 2026/1130, reduce the Lifetime ISA withdrawal charge from 25% to 20% from 29 October 2026 for property purchases above the £450,000 price cap. Announced at Budget 2026, the change...

Revenue & Customs Brief 13/2026 confirms that legislation, to take effect from 1 November 2026, will put beyond doubt that electricity supplied through publicly accessible electric vehicle charging points, and charging points accessible to employees...

Revenue & Customs Brief 12/2026 confirms VAT zero-rating from 23 June 2026 for qualifying free supplies of medicines to treat NHS patients, including supplies during clinical trials and qualifying post-trial treatment. Pending royal assent to Finance...

HMRC have published new guidance, Claim tax relief if you paid UK-source yearly interest to an overseas lender without deducting tax, and a claim form explaining how payers can claim treaty relief after failing to deduct the required income tax from...

The CIOT and ATT have reported problems with HMRC’s processing of 2025/26 self-assessment tax returns which include Overseas Workday Relief (OWR) claims under the transitional provisions. In their report, the professional bodies say that some tax...

HMRC have updated their guidance on the UK-India National Insurance Double Contributions Convention (DCC) to clarify the transitional arrangements for employees already on temporary assignment when the DCC took effect on 15 July 2026. Employees sent...

The Data-gathering (Ongoing Data: Interest and Payment Card Transactions) Regulations, SI 2026/1152, will require relevant financial institutions to report specified data annually or quarterly, and relevant merchant acquirers monthly, from April...

Tax bodies have warned that Budget plans to accelerate self-assessment payments could create cashflow pressures and additional compliance work, while welcoming the decision to make collection through PAYE optional. From April 2029, taxpayers who make...

HMRC’s November 2026 ERS Bulletin focuses on the new versions of the employment-related securities end-of-year return templates which have now been published on Gov.uk, together with supporting guidance and technical notes. The new templates can only...

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