NEWS

The CIOT has issued a technical update clarifying that non-UK resident companies subject to UK corporation tax cannot claim the small profits rate or marginal relief. Under CTA 2010 s 18A, the rate applies only to UK-resident companies. While there...

HMRC have appointed a new R&D advisory panel, to enhance the department’s expertise and understanding in relation to claims for R&D tax relief. The six independent industry specialists will bring ‘real world experience, offering deep sectoral...

The following regulations designate further special tax sites, in which the usual tax reliefs apply, in the Anglesey Freeport and the Flintshire and Wrexham Investment Zone, with effect from 21 November 2025:Designation of Special Tax Sites (Anglesey...

The CIOT has made a written submission on the tax barriers to housing supply, which includes detailed discussion of the CGT, SDLT and VAT issues arising from neighbouring land owners acting together to secure a land sale. ‘Tax Barriers to Housing...

In a Budget representation on repayment interest and commercial restitution for VAT, the CIOT sets out its rationale for the need to review repayment interest and address the inequity brought about by the late-payment interest regime as it applies to...

In its draft 2026 Budget plans, the Italian Government is proposing to raise the annual flat tax for new wealthy residents from €200,000 to €300,000 from 2026. The measure targets those relocating to Italy and paying the fixed tax on foreign income,...

The EU has updated the EU list of non-cooperative tax jurisdictions. Annex I remains unchanged, currently comprising 11 jurisdictions. Vietnam has been removed from Annex II after successfully implementing the OECD’s BEPS minimum standard on...

The UK and Portugal have agreed a new Double Taxation Convention, replacing the previous 1968 agreement between the two countries. Although the Convention was signed in September 2025, it will not enter into force until the completion of all...

HMRC have updated ‘Notice 2: Pillar Two top-up taxes relevant territories and taxes’, adding to the lists of territories which have implemented Pillar Two rules and are specified for the purposes of Multinational Top-up Tax and Domestic Top-up...

In a Budget representation, the CIOT calls for the Treasury to reintroduce certificates of tax deposit (CTDs). The scheme closed for new purchases on 23 November 2017, although HMRC continued to honour existing certificates until 23 November...