NEWS

According to the latest official statistics, gross HMRC tax and NICs receipts for 2025/26 were £938.8bn, which was £80.2bn higher than the same period last year. Breaking this down by categories: income tax, CGT and NIC receipts were £552.8bn, which...

HMRC have updated their list of recognised stock exchanges to designate Borsa Istanbul and the Taiwan Stock Exchange as recognised stock exchanges. ...

The House of Lords Economic Affairs Committee has published its report, Fortifying the fiscal framework, warning that repeated changes to fiscal rules have undermined the credibility of the UK’s fiscal framework. The committee argues that the current...

HMRC significantly increased their VAT compliance activity in 2024/25, with investigations into large and mid-sized businesses rising by 31% to 11,894, according to Pinsent Masons analysis of HMRC data obtained under the Freedom of Information Act....

The Government has announced changes to the Electricity Generators Levy (EGL) as part of wider plans to reduce the impact of international gas prices on electricity bills. The increase in the levy from 45% to 55% from 1 July 2026 will allow a larger...

HMRC have updated their guidance on how to submit a Corporate Interest Restriction return to reflect changes to the circumstances in which a return is required for periods of account ending on or after 31 March 2026. For such periods, a reporting...

HMRC have revised the VAT road fuel scale charges, with the latest amounts applying from the start of the next prescribed accounting period beginning on or after 1 May 2026. As per the VAT (Flat-rate Valuation of Supplies of Fuel for Private Use)...

The Government has published updated guidance on the Climate Change Agreements (CCA) scheme, including the extension of eligibility to additional sectors and processes and revisions to technical parameters such as the carbon emissions factor for gas....

The OECD has published its latest Secretary-General’s tax report to G20 finance ministers, outlining progress on international tax co-operation and implementation of the BEPS 2.0 package. On Pillar Two, it highlights continued rollout of the global...

HMRC have published synthesised texts of the UK’s double taxation conventions with Qatar and Mexico, reflecting Multilateral Instrument modifications already in force. ...