NEWS

The government has launched a consultation on proposed restrictions governing payments of surplus funds from defined benefit pension schemes to sponsoring employers. Draft regulations set out conditions that must be satisfied before surplus payments...

HMRC are seeking views on draft regulations which will amend the calculation of pension input amounts where there has been a guaranteed minimum pension conversion in respect of cash balance and defined benefit arrangements for the purpose of the...

HMRC have launched a technical consultation on the requirement for in-scope multinationals to report certain information about cross-border, related-party transactions. The documentation sets out a draft International Controlled Transactions Schedule...

HMRC have added the 2026 UK-New Zealand Double Taxation Convention to their tax treaties page. Signed in London on 1 June 2026, the new Convention is intended to replace the previous 1983 agreement and will enter into force on completion of the usual...

Freedom of Information data obtained by Price Bailey show that HMRC’s Wealthy and Mid-sized Business Compliance unit opened 72 compliance check cases concerning Permanent Establishment (PE) and corporate residence issues over the last four...

HMRC have confirmed three phases for introducing multi-factor authentication (MFA) to agent accounts. Agents may opt in voluntarily for MFA to be activated from 15 July 2026 if a form is submitted by midnight on 30 June 2026, or 19 August 2026 if a...

The number of complaints made to HMRC concerning both delays and errors rose by 66% in 2024/25, according to figures obtained by UHY Hacker Young. The accountancy firm says 12,670 complaints were recorded during the year, up from 7,620 in...

HMRC opened 4,940 formal IHT enquiries in 2025/26, an 18% increase on the previous year and the highest number for six years, according to data obtained by Price Bailey. The figures also show that HMRC’s risk assessors referred 4,965 IHT returns to...

The Money Laundering and Terrorist Financing (Amendment) Regulations, SI 2026/621, make a number of changes to the UK anti-money laundering regime. The changes include clarifications to customer due diligence requirements, updated...

The CIOT has warned that HMRC’s proposals to extend the Notification of Uncertain Tax Treatment (UTT) regime risk creating fresh uncertainty rather than reducing it. Lauren Fletcher, CIOT Tax Technical Senior Manager, said the proposals were...