NEWS

Tax Journal thanks its authors for March (click on links below to view author profiles and access their contributions):Gary Barnett - The VAT review for MarchHenry Bennett-Gough - Capital by name, income in nature: the Upper Tribunals decision...

HMRC have launched a consultation on introducing reporting requirements for transactions between close companies and their participators, signalling increased scrutiny of profit extraction in owner-managed businesses. The proposals would require...

The House of Commons has rejected all of the amendments proposed by the House of Lords to the NICs (Employer Pensions Contributions) Bill. The Lords amendments included proposals to increase the initial contribution limit from £2,000 to £5,000, and...

The Treasury is consulting on the remaining advance corporation tax (ACT) regime being phased out entirely. This is further to the removal of the shadow ACT rules from 1 April 2026 by SI 2026/196. The call for evidence follows a commitment made in...

HMRC and the Department for Business and Trade have launched a call for evidence on business systems integration, signalling a continued shift towards embedding tax compliance within businesses’ digital infrastructure. Published on 12 March, the...

Regulations to reinstate the requirement for construction contractors to file nil returns under the Construction Industry Scheme (CIS) have been published. The Income Tax (Construction Industry Scheme) (Amendment) Regulations, SI 2026/289 require...

The Government has now published legislation that closes the voluntary NIC window from 5 April 2026 for individuals living abroad. The Social Security (Contributions) (Amendment No 2) Regulations, SI 2026/294, remove the ability for employees and...

Class 2 NICs payable by share fisherman will increase by 15p to £4.30 per week from 6 April 2026 under the Social Security (Contributions) (Re-rating) Consequential Amendment Regulations, SI 2026/283....

Regulations have been introduced to bring the remaining VAT provisions into force for distance selling of goods between Northern Ireland and the EU. Finance Act 2021, Section 95 and Schedule 18 (Distance Selling: Northern Ireland) (Appointed Day No....

Regulations have been made for Great British Nuclear to claim VAT refunds on supplies used for non-business activities. The Value Added Tax (Refund of Tax to Great British Nuclear) Order, SI 2026/307, is in line with provisions made for other...