NEWS

HMRC have launched a consultation on proposals to extend the notification of Uncertain Tax Treatment (UTT) regime. The UTT regime, introduced in 2022, currently requires large businesses to notify HMRC of certain uncertain positions in corporation...

Finance Bill 2026 completed its passage through Parliament on 17 March 2026, having been approved at all remaining stages in the House of Lords. The legislation is expected to receive royal assent on 18 March. The Bill implements measures announced...

The Social Security (Contributions) (Rates, Limits and Thresholds Amendments, National Insurance Funds Payments and Extension of Veteran’s Relief) Regulations, SI 2026/231, give effect to the annual re-rating of various National Insurance...

The Social Security (Contributions) (Rates, Limits and Thresholds) Regulations, SI 2026/283, make further provision for the annual re-rating of NICs for 2026/27. The regulations update specific contribution rates and thresholds within the Social...

HMRC have published a tax information and impact note (TIIN) and new guidance highlighting that individuals living or working abroad have until 5 April 2026 to rely on current rules for paying voluntary NICs. From 6 April 2026, eligibility to pay...

The Land and Buildings Transaction Tax (Investment Zones Relief) (Scotland) Order, SSI 2026/110, introduces a new relief for land transactions in designated investment zones in Scotland. The Order inserts new Sch 16E into the Land and Buildings...

HMRC have published guidance on the commercial software needed to report Pillar Two multinational top-up tax and domestic top-up taxes. Entities subject to multinational top-up tax or domestic top-up tax, or their agents, must use commercial software...

Regulations (SI 2026/280) amend the Climate Change Levy (Fuel Use and Recycling Processes) Regulations, SI 2005/1715, by updating Sch 1 (uses otherwise than as fuel) so that electricity used in electrolysis for the production of hydrogen is added to...

The applicable rate of Scottish Aggregates Tax is £2.16 per tonne of taxable aggregate and comes into force on 1 April 2026, by virtue of SSI 2026/132. ...

HMRC’s open tax investigations into the UK’s largest businesses are taking an average of 41 months to complete, according to analysis by law firm Pinsent Masons. The firm found that the number of active investigations handled by HMRC’s Large Business...