NEWS

Tax Journal thanks its authors for November (click on links below to view author profiles and access their contributions):Fabian Barth and Roberto van Meurs - The ever-expanding scope of taxable debt collectionLynnette Bober and Helen...

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

Tax professionals continue to scrutinise the detail of several Budget announcements, including some that may have been overlooked in the immediate aftermath. Share-for-share exchanges: The stated intention of the Budget changes to TCGA 1992 s 137...

Finance Bill 2026 is expected to be published shortly after the Budget Resolutions have been passed on Tuesday 2 December 2025. The Bill is expected to be formally introduced as ‘Finance (No. 2) Bill’, as it is the second Finance Bill of the...

After an unexpected delay, HMRC published the Budget 2025 Overview of tax legislation and rates (OOTLAR) document and Annex A, which sets out the 2026/27 tax rates and allowances, on the afternoon of Friday 28 November....

Following the inadvertent early release of its November 2025 Economic and Fiscal Outlook report on the morning of the Budget, on 26 November, Richard Hughes, Chair of the Office for Budget Responsibility, has resigned from his position. Writing to...

The Revenue Scotland and Tax Powers Act (Postponement of Tax Pending a Review or Appeal) Amendment Regulations, SSI 2025/376, will extend to Scottish aggregates tax and Scottish landfill tax the rules which allow applications for the postponement of...

The Scottish Aggregates Tax (Administration) Regulations, SSI 2025/374, set out much of the detail required for the introduction of Scottish aggregates tax on 1 April 2026. The regulations cover: methodology for calculating the weight of...

Although briefly mentioned in the Budget Report as being given a 3.8% CPI uplift, the actual value of the car fuel benefit multiplier from April 2026 had not been included. The Van Benefit and Car and Van Fuel Benefit Order, SI 2025/1254, fills that...

The Corporation Tax Act 2010 (Part 8C) (Amendment) Regulations, SI 2025/1253, clarify that the 45% corporation tax rate, which is applied to payments of restitution interest by HMRC, will only apply to interest awarded at a rate greater than the...